Archer Aviation Soars 20% After Laying Out UAE Air Taxi Launch Plan

Nauman khan

Tue, May 13, 2025, 10:39 AM 1 min read

Archer Aviation (NYSE:ACHR) banal surged 20% connected Tuesday greeting aft the institution delivered a Q1 update that showed coagulated fiscal power and advancement toward its archetypal commercialized launches.

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The institution posted a $93 cardinal nonaccomplishment for the 4th but stayed wrong guidance. More importantly, it ended Q1 with implicit $1 cardinal successful cash, giving it breathing country astir early-stage aviation startups don't have.

Archer besides raised $19 cardinal done a tiny banal offering. It's not a immense raise, but it shows the institution is reasoning ahead, not scrambling for cash.

What truly caught attention, though, were the motorboat updates. Archer said it plans to present its Midnight aerial taxi to the UAE this summer. It's moving with Abu Dhabi Aviation and Ethiopian Airlines, and has conscionable received plan support for a caller vertiport successful Abu Dhabi.

Closer to home, Archer and United Airlines (NASDAQ:UAL) are lining up a short-hop aerial way from Manhattan to a adjacent airport, a existent trial for however its eVTOL craft tin scale.

There's besides a caller concern with Palantir Technologies (NASDAQ:PLTR) to physique AI tools for formation readying and fleet management. That could unfastened up a full caller bundle space for the business.

This nonfiction archetypal appeared connected GuruFocus.