Archer Aviation: A Trader’s Airy Gamble

Let me preface this by saying I once bought a stock because the company’s CEO had the same first name as my ex. Not a great decision. But here we are, discussing Archer Aviation (ACHR), a company that makes me feel like I’m back in that same fog of speculative regret. Still, there’s something oddly thrilling about watching a startup try to sell air taxis while losing money faster than a gambler at a blackjack table. Let’s unpack it.

What does Archer Aviation do?

Archer Aviation is currently a verb: “to lose money.” But that’s par for the course in aviation, where the only thing more expensive than building a plane is explaining why you built it. Their product, the Midnight, is an electric vertical takeoff aircraft. In layman’s terms, it’s a flying car for people who think Uber’s surge pricing is too slow. The problem? It’s not a car. It’s a concept. A very, very expensive concept. Right now, it’s like ordering a Tesla that arrives as a PowerPoint presentation. You get the vision, but no wheels.

Regulatory approval is the plot twist here. They’ve built the plane, they’ve flown it, but convincing the FAA to let them carry humans is like convincing my mother to let me have a third cat. It’s a mix of bureaucratic inertia and the nagging fear that someone, somewhere, will say “Wait, what if it crashes?” And yet, they’re making progress. In Abu Dhabi, they’re running test flights. If you’ve ever tried to get a permit to put a bird feeder in your backyard, you’ll understand the gravity of this moment.

Archer is close to the next big goal

The stock has doubled in a year, which is impressive until you realize it’s still trading at $12. That’s the price of optimism. But here’s the kicker: every test flight in Abu Dhabi is a data point that could shorten the FAA’s approval timeline. Think of it as a puzzle. They’re solving one piece at a time, and the rest of us are just watching from the sidelines, clutching our coffee cups like it’s a life raft.

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And let’s talk about partnerships. They’ve got folks in Ethiopia and Indonesia on board. I’m not sure what that means for my portfolio, but it sounds like a movie title. “Midnight in Addis Ababa.” The real question is whether these collaborations are genuine milestones or just press releases with a side of optimism. Either way, they’re betting on the future. So am I, really. I just hope the future includes Wi-Fi and legroom.

Buy now or wait?

If you’re the type of investor who buys stocks based on a company’s “mission,” then ACHR might be your jam. I, on the other hand, prefer companies that make money. But I’ll admit there’s a certain allure to the idea of air taxis. It’s the same allure that got me to buy a cryptocurrency called Dogecoin. Hope, mostly. And a stubborn belief that maybe, just maybe, this time it’ll work out.

Still, this is a high-risk bet. The FAA could delay approval indefinitely. The Abu Dhabi test could go sideways. Or worse, someone could invent a teleporter. But if you’re comfortable with the chaos—like I was when I tried to trade options in my pajamas—then ACHR might be worth a look. Just don’t blame me if you end up holding the equivalent of a paper airplane in a hurricane. 🛫

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2025-07-29 14:05