This eVTOL start-up is making progress toward commercialization.The futuristic allure of an electric vertical takeoff and landing (eVTOL) taxi service appears closer than ever to reality. Archer Aviation (ACHR -1.53%) has announced that it's received the "Part 135 Air Carrier & Operator certificate" from the U.S. Federal Aviation Administration (FAA), allowing it to begin commercial operations.Don't grab your carry-on just yet, as Archer's "Midnight" eVTOL aircraft is still awaiting a separate certification ...

These innovators could generate multibagger returns for investors.Well-chosen growth stocks can create fortunes for patient shareholders. Here are two companies with particularly impressive expansion potential. Consider buying their shares today, and you could position yourself to profit handsomely in the years ahead.Growth stock to buy No. 1: Archer AviationYour next ride to the airport might be on a flying taxi. Archer Aviation (ACHR -1.53%) wants to make this sci-fi-like vision a reality -- and it's fart ...

In the latest trading session, Archer Aviation Inc. (ACHR) closed at $3.22, marking a -1.53% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.04%. Meanwhile, the Dow experienced a drop of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.12%.The company's shares have seen a decrease of 14.17% over the last month, not keeping up with the Aerospace sector's loss of 0.69% and the S&P 500's gain of 4.15%.Market participants will be closely following the ...

The air mobility market is steadily growing. Regulators are laying down ground rules for electric vertical takeoff and landing (eVTOL) vehicles. This means we are nearing commercial availability. “Flying taxis will happen; it’s a question of ‘when,’ not ‘if,’ as stated in article from McKinsey, expressing confidence in the sector.” Additionally, an analyst from JPMorgan says the sector could reach a trillion-dollar market in the future, and we are at the early onboarding stage of a growing industry. So, it’ ...

The race to the skies has never seemed more appealing as urban centers become increasingly congested. Flying cars, once a science fiction fantasy, are now at the forefront of urban mobility solutions. With technological advancements and regulatory frameworks slowly paving the way, June 2024 might be the perfect time to invest in millionaire-maker flying car stocks.Despite initially facing regulatory hurdles and high development costs, the flying car industry is now poised for exponential growth. Verified Ma ...

We’re getting closer to flying cars, creating a big opportunity for flying car stocks.House lawmakers now want the U.S. Air Force to make its electric flying car a reality.  In fact, “A House subcommittee’s section of the proposed 2025 National Defense Authorization Act directs the Air Force and the Pentagon to set up a working group made up of top-ranking defense officials to spur applications of a program called Agility Prime,” says Stripes.com.Two, Archer Aviation (NYSE:ACHR) just received its Part 135 A ...

Most penny stocks are terrible investments. Typically trading for less than $1 per share, penny stocks are story stocks in search of a reason to exist. They often have no customers, no sales, and, worse, no profits.Yet the allure of investing in penny stocks is understandable. You can control hundreds or thousands of shares for very little money. And if the stocks move higher by just a nickel or a dime, you can make a lot of money.Unfortunately, that rarely happens. Too often, penny stocks are pump-and-dump ...

If you love science fiction, then you’ll love flying cars. Flying cars are the new upcoming trend in transportation. Fortune Business Insights projects that the sector can grow at a compound annual growth rate (CAGR) of more than 58% by 2040. With the sector still in its early stages, investors have a rare opportunity to get in early with potentially industry-leading flying car stocks that could reshape the way we travel. So, let’s look at three flying car stocks brimming with potential. To get the list, I ...

Archer Aviation (NYSE:ACHR) stock is on the rise Wednesday after the electric vertical takeoff and landing (eVTOL) maker received a new Part 135 Air Carrier & Operator Certificate from the Federal Aviation Administration (FAA).Archer Aviation notes that this is a major win for the company as it allows the company to prepare for offering commercial flights with its Midnight eVTOL. ACHR is currently waiting for Midnight’s Type Certification before it can be used by commercial airlines.Archer Aviation founder ...

Midnight, an all-electric aircraft from company Archer Aviation, is seen at the Salinas Municipal Airport in Salinas, California, on Aug. 2, 2023.The Federal Aviation Administration has granted Archer Aviation a key certification that gets the electric air taxi maker closer to eventually flying travelers, the company said Wednesday.Archer is making electric vertical takeoff and landing aircraft, or eVTOLs, and won orders and backing in 2021 from United Airlines, which says the new technology could reduce ca ...