Latest news with #airtaxi
Yahoo
23-07-2025
- Business
- Yahoo
Joby Aviation to Report Second Quarter 2025 Financial Results
SANTA CRUZ, Calif., July 23, 2025--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today announced that it expects to release its second quarter 2025 financial results after market close on Wednesday, August 6, 2025, and to host a webcast at 5:00 pm ET on the same day. The webcast will be publicly available in the Upcoming Events section of the company website, If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event. About Joby Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit Forward Looking Statements This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate", "estimate", "expect", "project", "plan", "intend", "believe", "may", "will", "should", "can have", "likely" and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our aerial ridesharing service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project, and our ability to launch our service; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; and other important factors discussed in the section titled "Risk Factors" in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the "SEC") on February 27, 2025, and in future filings and other reports we file with or furnish to the SEC. Any such forward-looking statements represent management's estimates and beliefs as of the date of this presentation. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. View source version on Contacts Media:Charles Stewartpress@ Investors:investors@
Bloomberg
21-07-2025
- Business
- Bloomberg
Joby Seeking Final-Phase Testing for Five Air Taxis in 2026
Air taxi startup Joby Aviation Inc. expects to have five aircraft in one of the final phases of certification next year as it aims to start commercial flights in early 2026, according to its chief executive officer. 'Through the course of '26, we are going to be bringing more aircraft and building out progressively,' Joby CEO JoeBen Bevirt said in an interview. He said that next year the company will likely have five aircraft undergoing the US Federal Aviation Administration's Type Inspection Authorization testing, which is needed to start commercial service in the US.
Yahoo
21-07-2025
- Business
- Yahoo
Should You Buy Archer Aviation Stock While It's Below $18?
Key Points Archer Aviation's stock soared as it started its first test flights. It plans to ramp up its production over the next few years. Its stock looks expensive, but it could deserve that premium valuation. 10 stocks we like better than Archer Aviation › Archer Aviation's (NYSE: ACHR) stock rallied more than 150% over the past 12 months. The developer of electric vertical take-off and landing (eVTOL) aircraft impressed the market as it secured more partnerships and inched closer to a full approval of its U.S. air taxi flights. At $13, its stock trades less than $1 below its 52-week high of $13.92 on May 16. But it's still well below Wall Street's top price target of $18, which H.C. Wainwright's analysts set in June. The firm expects that growth to be driven by its expansion of Archer's urban air taxi business, its government contracts, and its diversification into other industries. Should investors buy Archer's stock before it reaches that price? Or is it due for a breather until it generates enough revenue to support its soaring valuations? The bull case for Archer Aviation Archer's Midnight eVTOL aircraft carries a single pilot and four passengers, travels up to 100 miles on a single charge, and can reach a maximum speed of 150 miles per hour. Its drone-like design also makes it easier to land than helicopters in crowded urban areas. Those advantages make the Midnight well-suited for short-range air taxi services. Its top customers already include United Airlines (NASDAQ: UAL), which placed an order for 200 Midnight aircraft; Future Flight Global, which ordered 116 aircraft; and Soracle (a joint venture between Japan Airlines and Sumimoto), which ordered 100 aircraft. Its other new customers include Ethiopian Airlines and Abu Dhabi Aviation. All of those companies plan to launch air taxi routes with Archer's Midnight aircraft in the near future. It recently completed its first test flights in Abu Dhabi, and it aims to start its commercial flights this year. In the U.S., it expects the Federal Aviation Administration (FAA) to grant it a final approval for its commercial flights this year to clear the way for its first air taxi flights. Archer also plans to launch its own first-party air taxi service within the next two years, and it expects its flights to eventually cost about the same as Uber's (NYSE: UBER) premium UberBlack service. To support that launch, it secured a spot as the official air taxi services provider for the Summer Olympics in L.A. in 2028. The automaker Stellantis (NYSE: STLA), one of Archer's top investors, also hired the company as a contract manufacturer for its own branded eVTOL aircraft. Other automakers and aviation companies could eventually follow that lead and hire Archer to produce their own eVTOL aircraft. Archer should also secure more government contracts. It already delivered its first aircraft to the U.S. Air Force (USAF) for testing purposes as part of its contract with the Department of Defense last year, and it's expected to deliver up to five more aircraft to the U.S. Air Force over the next few years. By sticking to that roadmap, Archer aims to produce 10 aircraft in 2025, 48 aircraft in 2026, 252 aircraft in 2027, and 650 aircraft in 2028. That aggressive expansion should be supported by Stellantis' ongoing investments, more rounds of funding, and its new artificial intelligence (AI) partnership with Palantir (NASDAQ: PLTR) to optimize its manufacturing capabilities and aviation systems. If that happens, analysts expect Archer's revenue to soar from $13 million in 2025 to $437 million in 2027. But with an order backlog of about $6 billion, it could grow even larger over the following years as it displaces traditional helicopters with its sleeker, quieter, and greener aircraft. That might be why its insiders bought more than 7 times as many shares as they sold over the past 12 months. The bear case against Archer Aviation Archer has a lot of growth potential, but it isn't generating any meaningful revenue yet. It's expected to lose more than half a billion dollars annually through 2027, which means it will need to keep diluting its own shares and taking on more debt to stay solvent through its expansion. That's why its number of outstanding shares increased by 127% over the past three years. It ended its latest quarter with a manageable debt-to-equity ratio of 0.2, but that was partly because its newly issued shares increased its shareholder equity relative to its total liabilities. A lot of growth has also been baked into Archer's valuations. With a market cap of $7.7 billion, it trades at nearly 18 times its projected revenue for 2027. That might seem reasonable relative to its growing backlog, but it still hasn't scaled up its business yet. Therefore, any disruptions or delays could pop those valuations and crush its stock. Should you invest in Archer Aviation at these levels? Archer Aviation is still a highly speculative stock. That said, I believe its strengths outweigh its weaknesses. It's establishing an early mover's advantage in the nascent eVTOL aircraft market, it's backed by big companies, its backlog is growing, and it has clear plans for the future. If you believe it can achieve its ambitious goals, then it's worth buying as it trades in the low teens. However, you also need to buckle up and brace for a lot of near-term volatility. Should you invest $1,000 in Archer Aviation right now? Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Archer Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies and Uber Technologies. The Motley Fool recommends Stellantis. The Motley Fool has a disclosure policy. Should You Buy Archer Aviation Stock While It's Below $18? was originally published by The Motley Fool 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
16-07-2025
- Automotive
- Yahoo
Is Archer Aviation Ready to Prove the Model?
Archer Aviation Inc. (NYSE:ACHR) has had an eventful half-year since I last covered the company's ambitions in urban air mobility (UAM). After raising $850 million at near-peak prices, completing its first piloted Midnight flights, and watching Washington fast-track eVTOL integration, investors hope the company will turn plans into action within the next six months. The stock has been volatile with each new development while investors await the FAA's final decision, yet it remains roughly flat year-to-date. Warning! GuruFocus has detected 2 Warning Sign with ACHR. In this article, I will examine how Archer stacks up on each front and whether the potential payoff justifies the risk. Source: Archer Archer's mission is to unlock urban skies with its all-electric Midnight aircraft, aiming to transform how people move within and between cities. Midnight is essentially an air taxi with one pilot and four passenger seats, designed for short hops of up to 100 miles at speeds as high as 150 mph. By taking off and landing vertically like a helicopter yet cruising on wing-borne lift like an airplane, Midnight can exploit unused vertical airspace to bypass big-city traffic. Archer's value proposition centers on speed and convenience: a typical ride could be three to five times faster than driving, shrinking a 70-minute slog to the airport to about 15 minutes. The company promises a safe, quiet, zero-emission ride that will ultimately be cost-competitive with premium ground transport. At the center of everything is the Midnight aircraft. Archer's design choices prioritize safety and reliability to win regulator trust and public acceptance. Midnight uses 12 propellers (six tilt rotors and six fixed) to ensure stability and redundancy. It carries six separate battery packs so that a single failure will not bring down the vehicle, a critical safety advantage over traditional helicopters that rely on one engine. Reducing noise is another design goal: Midnight's smaller, distributed rotors and electric propulsion make it up to 100 times quieter than a helicopter at cruise. Archer is also exploring next-generation batteries, such as solid-state cells, to double energy density and extend range over time. Archer intends to sell its Midnight aircraft or operate them itself as a service and has already obtained a Part 135 Air Carrier certificate from the FAA, which is required to run commercial air-taxi flights. This suggests a hybrid model: Archer will likely act as an airline in certain launch cities while also selling aircraft to partners abroad. In the United States, Archer and United Airlines plan to launch an urban air shuttle network, including an initial Chicago route and an air-taxi service in New York City once Midnight is certified. Internationally, Archer is forming joint ventures and supplier deals to seed its technology in major markets. For example, it is the primary eVTOL partner for the UAE's planned air-taxi network in Abu Dhabi (targeting service by Q4 2025) and has struck agreements in Japan (with Sumitomo) and, more recently, Indonesia to pave the way for early commercial use ahead of U.S. approval. With the test flights in Abu Dhabi, Archer achieved a critical milestone as it prepares for commercial deployment. Operating the aircraft in peak summer heat gives the company real-world performance data that will feed directly into certification efforts in both the UAE and the United States. By planting flags globally, Archer hopes to generate initial revenue abroad and refine operations while U.S. regulators finalize the green light at home. Market Opportunity The total addressable market (TAM) for UAM is widely projected to be enormous, though it will take years to materialize. A recent industry forecast pegs the UAM/eVTOL market at roughly $23 billion by 2030, a 31 percent compound annual growth rate from essentially zero today. Source: Markets and Markets Early applications will focus on high-density cities where roads are jammed, and travelers will pay a premium for time savings. Think airport shuttles in New York, Los Angeles, London, and Tokyo, and eventually intercity hops replacing short regional flights or long drives. Archer's $6 billion order book hints at demand. It includes provisional orders and options for up to 200 aircraft from United Airlines, 100 for the UAE, 100 for Japan, and others, many backed by deposits or government funding. For perspective, Archer's indicative orders roughly match its current market capitalization, highlighting the high expectations embedded in the stock. Converting those orders into revenue, however, depends on meeting certification and production milestones on schedule. It's important to note that no company has commercialized eVTOL service yet, so market share is currently about positioning and partnerships rather than revenue. Archer faces a pack of well-funded rivals racing to be first in the air. The closest U.S. competitor is Joby Aviation (NYSE:JOBY), whose eVTOL prototype and timeline closely parallel Archer's. Joby, backed by Toyota and Delta Air Lines, has also targeted a 2025 launch and secured FAA Part 135 operating authority, in addition to a contract with the U.S. Air Force. Joby has delivered its first aircraft to the UAE and begun commercial market-readiness work, including multiple piloted flights. Another peer, Eve Air Mobility (NYSE:EVEX), a spin-off of Embraer, plans to start services in 2026 and aircraft sales in 2027. Europe's entrants, Lilium (LSE:0AB4) and Vertical Aerospace (NYSE:EVTL), have struggled; Lilium's market cap has collapsed to about $30 million, essentially pricing in a high risk of failure, while Vertical has a more modest $500 million valuation and a later timeline. China's EHang (NASDAQ:EH) pursues an autonomous two-seater drone model and has generated a few million dollars in pilot-program revenue. Archer and Joby are generally viewed as the U.S. front-runners, with Archer arguably ahead in some respects and lagging in others. Archer's Edge Archer has been extremely pragmatic in its certification strategy. Rather than reinvent every wheel, it sources key components from established aerospace suppliers. Avionics from Garmin, flight controls from Honeywell, electric motors from Safran, etc., where those parts are already FAA-certified in traditional aircraft. This approach minimizes the regulatory unknowns. The idea is to streamline approvals by using proven tech wherever possible and focusing certification on the novel integration (the eVTOL design itself). Indeed, Archer has steadily checked off milestones: it achieved its first full transition to wing-borne flight last year, and more recently it began piloted flight tests where Midnight successfully took off, cruised at 125 mph, and landed conventionally on a runway. Those piloted tests demonstrate that Archer's aircraft handles as expected in real conditions just like the simulator, according to its test pilot, building confidence with regulators. Another differentiator is Archer's focus on operational versatility. Uniquely, Midnight is being tested for both VTOL and conventional runway takeoffs/landings (CTOL). Robust landing gear allows it to use airports or airstrips when available, which can save batteries and enhance safety (by providing more options in an emergency). Finally, Archer's strategic partners and backers lend it credibility (and capital). United Airlines' early $10 million deposit not only validates Archer's market but also gives it a ready launch customer. Automaker Stellantis has become a major investor and manufacturing partner, agreeing to help build Midnight at scale using automotive production techniques. This is a big deal producing aircraft efficiently is notoriously difficult, and Stellantis' involvement could accelerate Archer's ramp to the targeted 650 units per year by 2030. Archer is also leveraging Palantir's (NASDAQ:PLTR) AI software to optimize its operations and flight data, and it has teamed up with Anduril Industries on a defense variant of its eVTOL. Nonetheless, competitors have their own partnerships. Joby Aviation, for example, also has strong partners (Toyota, SkyWest, and a deal with Delta Air Lines for airport shuttles) and a head start serving the U.S. Air Force with pre-production eVTOLs. In my view, any breakthrough by a rival could cut both ways. Capital could flood into the winner and punish the laggards, or investors might see the advance as sector-wide validation and bid up everyone. Either way, this isn't a winner-take-all arena. Several operators are likely to carve out durable niches. Nonetheless, Archer's ability to claim first-mover advantage will depend on flawless execution in the next 18 months. With FAA type certification expected by late 2025, Archer is effectively in a high-stakes race to the finish line. The good news is that recent U.S. policy moves may help. Washington announced an eVTOL pilot program to accelerate approvals and infrastructure, signaling federal desire to see American players lead this new industry. Following that announcement, Archer's $850 million raise timed perfectly with the White House order calling for American dominance in eVTOLs. These tailwinds could help Archer more than smaller rivals, but the crown remains up for grabs until paying passengers are flying regularly. Archer remains a pre-revenue company, so its financial story centers on cash burn, funding, and leverage. In the first quarter of 2025, Archer reported a net loss of $93.4 million. Losses are normal for a startup in R&D mode, but investors are watching the trend closely. On that front, Archer's Q1 net loss narrowed from $116.5 million in Q1 2024 and beat analysts' EPS expectations with a loss of $0.17 per share. Operating expenses were $144 million, but heavy non-cash charges padded that figure. On an adjusted basis, operating costs were $113 million as the company hires and builds infrastructure. The burn rate (cash used in operating and investing) was about $105 million, implying roughly $35 million per month and, before new funding, less than one year of runway. Source: Gurufocus The balance sheet, however, has transformed with recent fund-raises. Archer ended March 2025 with just over $1.03 billion in cash, then raised another $850 million in June by selling 85 million new shares at $10 each. The infusion boosted liquidity to roughly $2 billion, raised at a favorable price that limited dilution. Even so, dilution has been significant and will likely continue; the share count has ballooned more than fivefold since the SPAC merger and now exceeds 540 million shares before including the June issuance. Early investors have paid for ample funding with significant dilution. With $2 billion in cash, Archer is funded through at least 2026 by most estimates. At the current $100 million quarterly burn, that represents two full years of cushion. Burn may increase as Archer shifts from prototyping to manufacturing. The company plans to start low-volume production in the second half of 2025, targeting two aircraft per month by year-end, and then scale to dozens per month by 2026-27. Management aims to produce up to 10 Midnight aircraft in 2025, including several test vehicles, and to conduct for-credit flight tests that count toward certification. Progress on these fronts will signal whether the first revenue is on track for 2025. Ramping production will require capital investment in tooling, supply chain, and personnel. Archer's 400,000-square-foot factory in Covington, Georgia, is complete and ready to scale, while Stellantis likely brings manufacturing expertise and potentially off-balance-sheet resources. Archer has not published an expected unit cost or sale price for Midnight, but management uses roughly $5 million per aircraft when converting MOUs into backlog dollars. If Archer gets a dozen aircraft in commercial service in 2025-26, it will finally record revenue, and investors can begin modeling utilization and profitability per aircraft. Until then, traditional multiples (P/E, EV/EBITDA, even P/S) are not applicable in the absence of earnings or revenue. Archer's valuation rests almost entirely on future expectations, making the stock a venture-style bet. That said, the market is assigning a multi-billion-dollar value to Archer, so investors clearly see a sizable payoff down the road. Archer's market cap is just under $6.6 billion, up from less than $3 billion a year ago, reflecting increased optimism that the first aircraft are closer than ever. The market cap roughly equals the $6 billion backlog, implying a price-to-backlog ratio of about 1x. For a pre-revenue firm that is rich, but it suggests investors believe a large portion of those orders will convert. By comparison, Joby Aviation currently commands about $9.5 billion in market value, while Eve Holding is around $2.1 billion, and the smaller peers (Vertical, Lilium) are well under $1 billion. Archer plans to scale to 650 aircraft a year by 2030. Assuming each Midnight generates $2 to 3 million in annual revenue (either via operating lease/ride services or via sales price recognized), that implies $1.5 to 2 billion in annual revenue by 2030. If Archer achieves that, today's $6 billion market cap is about 4x a potential 2030 revenue. Of course, that scenario is speculative and five years out, but it shows the upside the market is pricing in. In the near term, Wall Street analysts expect around $20-50 million in revenue in 2025 and $180 million in 2026, ramping to roughly half a billion by 2027. The market values Archer as if it will become a major player in UAM. At the end of the day, valuing Archer is a bet on execution at this stage. The stock is not cheap by any conventional metric, but if Archer becomes one of the winners in an entirely new industry, today's market cap could prove modest. If UAM truly takes off in the 2030s, leading eVTOL manufacturers/operators could justify tens of billions in value. Archer is positioning to be in that conversation. That potential upside is what investors are paying for today, with full acknowledgement that the company may stumble and never fully justify the valuation if things go south. Hitting milestones could justify the valuation and then some. Conversely, any shortfall, delays, fewer deliveries, cost overruns, could drive the stock lower. It's entirely possible that eVTOL adoption will be slower and bumpier than optimists expect, which would pressure all players, including Archer. Moreover, once the FAA signs off and Midnight aircraft start shipping, the focus shifts to phase two: unit cost, fleet utilization, and gross margins, the hard numbers that will decide how scalable this industry can be. Archer's story remains high-risk, high-reward, but it is far more advanced than a year ago. Investors with a high tolerance for volatility may find Archer a compelling play on transportation's future, while those with lower risk appetite may wait for clear revenue traction. As always, execution is the key. The coming 12 to 18 months will likely determine whether Archer Aviation can truly fly above the pack or if these ambitious plans start to lose altitude. Given everything, I am optimistic that management can execute the plan and start to deliver. The skies of urban mobility are almost within reach, and Archer is one big step (or flight) away from making history. This article first appeared on GuruFocus. 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Arabian Business
16-07-2025
- Automotive
- Arabian Business
Air taxi maker Joby to double capacity after successful Dubai test flight
Joby Aviation, the Santa Cruz, California-based air taxi startup that successfully completed a series of piloted, vertical-takeoff-and-landing wingborne flights in Dubai in association with the Road and Transport Authority (RTA), has revealed plans to double aircraft output capacity at its main production site in California. Joby said it will expand its production site in Marina, California. The total site now spans approximately 435,500 square feet and will support the scale-up of commercial operations. The company's stock has soared about 42.2 per cent since it announced its Dubai test flights on June 30. The share was priced at US$9.81 on 1 July, and closed on Tuesday (5 July) at $13.95. Eric Allison, Chief Product Officer, commented: 'Reimagining urban mobility takes speed, scale, and precision manufacturing. Our expanded manufacturing footprint in both California and Ohio is preparing us to do just that. 'We celebrated the opening of the new facility with the flight of our sixth aircraft, which earned airworthiness certification within a week of completion.' Joby expands production for air taxis The opening of the new manufacturing space will be a big step forward as Joby gets ready to scale production and enter the market. Using tools like advanced data analytics and 3D printing, Joby produces components that are lighter, stronger and more flexible. With its newly expanded Marina facility, the company plans to add hundreds of full-time jobs to support increased aircraft production. Once fully operational, the expanded site is expected to be capable of producing up to 24 aircraft per year. It will also provide key capabilities, including its initial FAA production certification, conforming ground and flight-testing components, pilot training simulators, and aircraft maintenance. The Marina site strengthens Joby's broader manufacturing network, which includes three additional facilities – Santa Cruz, CA, the headquarters driving innovation and system architecture; San Carlos, CA, focused on powertrain and electronics; and in Dayton, Ohio, where a newly renovated facility that will manufacture and test aircraft components for Joby's Pilot Production Line. The Dayton site supports Joby's plans to scale operations. Equipment installation is underway, with production ramping up to eventually build up to 500 aircraft a year at that location. Joby said that engineers from Toyota Motors, which became its largest shareholders in May, are 'deeply integrated' into operations in areas such as design, manufacturing and quality control. Toyota engineers also help the Joby team optimise processes, streamline assembly, and offer advice related to the development of custom tooling to accelerate production.
