Archer Aviation: A Trader’s Airy Gamble

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.




