Joby and Archer Aviation Are Falling Just as Air Taxis Near Reality
Here's why Joby and Archer Aviation stocks are falling as the evtol dream nears the commercialization stage later this year.
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Here's why Joby and Archer Aviation stocks are falling as the evtol dream nears the commercialization stage later this year.
Joby Aviation, an eVTOL aircraft developer, has underperformed since going public but could see significant growth once the FAA certifies its commercial flights. The company's S4 aircraft offers advantages over competitors like Archer Aviation, with backing from Toyota, Delta Air Lines, and Uber. Analysts project revenue could grow from $53M in 2025 to $435M by 2028, potentially doubling the company's market cap to $14B over three years, though the stock remains highly speculative with ongoing cash burn and shareholder dilution.
Archer Aviation's acquisition of Hawthorne Airport in California is a strategic move that provides both near-term testing facilities for its Midnight eVTOL aircraft and long-term benefits as a hub for air taxi services. The airport's central location could allow Archer to collect fees from competitors while establishing a recurring revenue stream, though the company's success ultimately depends on obtaining commercial approval for its Midnight aircraft.
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