Latest news with #AdamGoldstein
Yahoo
12 hours ago
- Business
- Yahoo
Archer Aviation Gains on First Piloted Runway Flight
Archer Aviation (NYSE:ACHR) shares rose 2.57% after its Midnight eVTOL aircraft completed its first piloted conventional takeoff and landing (CTOL), marking a key step toward commercialization. CTOL flights require rugged landing gear and precise control systemscapabilities that Midnight demonstrated under a clear California sky by accelerating down a runway and lifting off wheels first. Warning! GuruFocus has detected 2 Warning Signs with JOBY. CEO Adam Goldstein said this dual VTOL/CTOL design integrates into a wide range of operational scenarios while providing enhanced safety. Government regulators and defense partners have flagged CTOL as critical for real?world operations, boosting confidence in Midnights design choices as Archer readies production in its new Georgia factory with Stellantis help. While Archer promised 2025 aircraft deliveries, none have occurred yet, and the entire eVTOL sector faces certification hurdles. The CTOL milestone doesnt accelerate the delivery timeline, but it validates technical progress at a time when peers like Joby (NYSE:JOBY) and Vertical Aerospace (EVTL) confront delays. Archer continues to burn cash and must translate milestones into revenue and certification. Investors should care because CTOL success lends critical credibility to Archers promise of an aircraft that can operate from both runways and vertiports, narrowing the gap between hype and reality and keeping Archer in the lead as competition intensifies. It's important to note from the chart above that the stock has surged almost 47% with a 115% CAGR, showing incredible investor confidence. The stock is consolidating near the $9.90 mark at this point. Hence, despite some volatility, the overall momentum remains healthy with support forming above previous lows. This article first appeared on GuruFocus.
Yahoo
13 hours ago
- Business
- Yahoo
Archer Aviation Gains on First Piloted Runway Flight
Archer Aviation (NYSE:ACHR) shares rose 2.57% after its Midnight eVTOL aircraft completed its first piloted conventional takeoff and landing (CTOL), marking a key step toward commercialization. CTOL flights require rugged landing gear and precise control systemscapabilities that Midnight demonstrated under a clear California sky by accelerating down a runway and lifting off wheels first. Warning! GuruFocus has detected 2 Warning Signs with JOBY. CEO Adam Goldstein said this dual VTOL/CTOL design integrates into a wide range of operational scenarios while providing enhanced safety. Government regulators and defense partners have flagged CTOL as critical for real?world operations, boosting confidence in Midnights design choices as Archer readies production in its new Georgia factory with Stellantis help. While Archer promised 2025 aircraft deliveries, none have occurred yet, and the entire eVTOL sector faces certification hurdles. The CTOL milestone doesnt accelerate the delivery timeline, but it validates technical progress at a time when peers like Joby (NYSE:JOBY) and Vertical Aerospace (EVTL) confront delays. Archer continues to burn cash and must translate milestones into revenue and certification. Investors should care because CTOL success lends critical credibility to Archers promise of an aircraft that can operate from both runways and vertiports, narrowing the gap between hype and reality and keeping Archer in the lead as competition intensifies. It's important to note from the chart above that the stock has surged almost 47% with a 115% CAGR, showing incredible investor confidence. The stock is consolidating near the $9.90 mark at this point. Hence, despite some volatility, the overall momentum remains healthy with support forming above previous lows. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Down 20%! This ex-penny stock just got stung by a short report
Archer Aviation (NYSE: ACHR) is a former penny stock that has been on my mind recently. I sold shares of this flying taxi start-up about a year ago, just before they went on to surge by more than 200%. Cue Homer Simpson's famous catchphrase… Rubbing salt in the wounds was rival Joby Aviation (NYSE: JOBY), the stock I doubled down on with the cash from that Archer sale. Until recently, it was 'only' up about 40% over this period. So I was beginning to think I might have backed the wrong horse, especially after Archer signed a deal with Palantir earlier this year to 'build artificial intelligence (AI) for the future of next-gen aviation technologies'. However, two pieces of news have recently sent the Archer and Joby share prices on divergent flight paths. Here's what has happened. Archer Aviation is aiming to launch an air taxi service in Abu Dhabi by the end of 2025 with its Midnight electric vertical take-off and landing (eVTOL) aircraft. In Q1, it said everything had gone splendidly, and it had more than $1bn on the balance sheet. Founder and CEO Adam Goldstein commented: 'Archer's pushing the boundaries of what's possible and reshaping the future of aviation for years to come.' The stock jumped 23% after this bullish update. However, it plummeted 20% a couple of weeks ago when short-seller Culper Research released a report accusing Archer of misleading investors. It said the firm's Midnight eVTOL isn't as far along as management has claimed, while also highlighting design changes that might suggest aircraft stability problems. In response, Archer called the claims 'baseless', and said Culper is 'not a credible research institution'. By contrast, Joby stock surged 27% this week following the closure of a $250m investment from partner Toyota. This funding supports the firm's progress toward FAA certification and commercial production of its electric air taxis. Founder and CEO JoeBen Bevirt commented: 'We're already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimising design.' Joby remains on track to launch its service in Dubai later this year, but there could always be regulatory setbacks. Meanwhile, flying passengers safely from Manchester Airport to Leeds in just 15 minutes — instead of one hour+ by car or train — is still unproven. In my experience, reports from short-sellers need to be taken seriously, even though they have a financial incentive to see the stock in question fall. It definitely adds risk to the investment case because Archer hasn't addressed any of the specific accusations yet. That said, you can normally gauge how seriously other investors take the claims by the severity of the share price reaction. In Archer's case, it's 20% lower than before the report, but still up 27% in the past month and 230% over a year. Heavyweight partners like United Airlines and Stellantis add weight to its technology. For investors looking to invest in this exciting space, I think Joby is worth a look at $8. But both these stocks are high risk because eVTOLS haven't been approved by the FAA yet, meaning each firm is pre-revenue and therefore loss-making. Still, at least recent developments have eased my concern that I backed the wrong horse. The post Down 20%! This ex-penny stock just got stung by a short report appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Ben McPoland has positions in Joby Aviation. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Khaleej Times
20-05-2025
- Business
- Khaleej Times
UAE: Flying taxi launch ‘on track' for later this year, says Archer
US-based company Archer Aviation, which will launch flying taxis in the UAE, on Tuesday announced that its launch in the country remains 'on track for later this year'. The eVTOL aircraft maker said in its first quarterly results that it plans to deliver a piloted Midnight aircraft to the UAE this summer. 'Archer's pushing the boundaries of what's possible and reshaping the future of aviation for years to come. This quarter, the team made strong progress across our civil and defecse efforts as we continue to deepen our strategic partner relationships and prepare for commercialisation in the UAE later this year,' said Adam Goldstein, founder and CEO of Archer. To support these launch efforts, Archer recently secured design approval for the first hybrid heliport in the UAE located in Abu Dhabi. It also partnered with the UAE regulator General Civil Aviation Authority (GCAA) to chart regulatory framework for expedited launch of eVTOL. In April, the GCAA granted design acceptance to Archer for the first hybrid heliport in the country at the Abu Dhabi Cruise Terminal at Zayed Port. This first site was chosen due to its location, which is a leading hub for the regional cruise industry, welcoming more than 650,000 visitors every year. In the previous quarter, the US-headquartered company rolled out its 'Launch Edition' programme and announced Abu Dhabi Aviation and Ethiopian Airlines as its first two customers. The UAE has been aggressively pursuing new modes of transport such as flying cars, railways and underground train network to accommodate growing traffic in the country. As reported by Khaleej Times earlier, once air taxis are out flying in UAE skies, going from Dubai to Abu Dhabi could take just 10 to 20 minutes, with the ride costing about Dh800 to Dh1,500. The company announced that the initial training of pilots is underway as the Midnight simulator has been delivered to Etihad Aviation Training in Abu Dhabi. In addition to Archer, Joby is in talks with Dubai's Roads and Transport Authority to roll out an air taxi network in the emirate. The company announced building the first vertiport in the emirate in November last year.
Khaleej Times
20-05-2025
- Business
- Khaleej Times
UAE's first flying taxi trials to begin in Al Ain this summer
The trials of the UAE's first flying taxi will begin in Al Ain in a few months ahead of the roll-out of the full service at the end of this year, a senior official said on Monday. 'The trial phase will start soon at the beginning of the third quarter. We've been working with the UAE's General Civil Aviation Authority (GCAA) for years. The GCAA has carved out a regulatory pathway to help us launch here in the UAE this year. We're in the final stages of that approval. We're going to start flying first remotely in Al Ain over time before bringing it here in Abu Dhabi,' Adam Goldstein, CEO of Archer Aviation, told Khaleej Times. Goldstein was speaking on the sidelines of the fourth edition of Make it in the Emirates exhibition and conference running at Adnec Centre in Abu Dhabi from May 19 to 22, 2025. The GCAA has approved Archer's design for the planned transformation of an Abu Dhabi Cruise Terminal helipad into a hybrid heliport for both helicopter and eVTOL aircraft operations. The company is displaying a model of its Midnight aircraft or flying taxi that will be operational in the UAE. Visitors to the Adnec Centre can first-hand witness the model of the flying taxi. 'Our goal is to launch (flying taxi) here in Abu Dhabi t owards the end of this year. I'm excited to launch it first in the world here. We'll start relatively small and see how the operations will work. We will get the communities involved and show how safe and quiet the aircraft is. And then the goal is to scale it up over time. We'll start with different points of interest in Abu Dhabi, and then ultimately the goal is to be able to expand,' Archer's CEO said during the interview. Travel cost The new mobility solution will reduce the 2-3 hour journey to just 15-20 minutes between Dubai and Abu Dhabi. Replying to a query about airfare for the flying taxi, he added that the 'target prices are very similar to the high-end of rideshare.' He noted that the people will be able to book flying taxi through Archer's app or app provided by its Abu Dhabi partner. In Dubai, Archer peer Joby Aviation is working to launch flying taxis. 'There're lots of different pricing schemes that people are working on, much like you see in the rideshare. It will also be based on supply-demand that different operators will help set that. For example, we're partnering with Abu Dhabi Aviation, so they will likely be the ones setting a lot of those pricing dynamics.' Assembly in 2025 Goldstein said the US-based company will start assembling flying taxis in the UAE later this year. 'We'll start the assembly here this year. It's kind of the low-scale sides of things and then work through and ultimately scale it up,' he said. 'Over the long term, he said the ultimate aim is to manufacture here in Abu Dhabi and create a lot of jobs in the region. Hopefully make this not just a product to fly here, but to be sold all over the world.' The company is currently manufacturing its Midnight aircraft in the US. 'The UAE has incredible trade agreements with a lot of different countries, even beyond the GCC. So there's a great opportunity here to manufacture and then ultimately export to many parts of the world,' he said. Highlighting the vision of Abu Dhabi, he said the aim is to 'create the next Seattle, the next Toulouse, a place where new, innovative aviation companies can come and build, and create a whole industry here, and ultimately a whole new industry.'
