If You'd Invested $500 in Archer Aviation 4 Years Ago, Here's How Much You'd Have Today

Archer Aviation (NYSE: ACHR) is one of the few companies attempting to commercialize aviation for public transit in cities across the world. The electric vertical take-off and landing (eVTOL) company has developed its Midnight aircraft, which can hold four passengers and a pilot, and reach speeds of 150 miles per hour, turning hour-long trips into minutes.The company plans to set up airpads in cities or at airports that it can fly commuters back and forth from.Commercial aviation for smaller-scale city travel is new and therefore must overcome many regulatory hurdles before receiving full certification from the U.S. Federal Aviation Administration (FAA), which the company hopes to achieve likely sometime next year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool