Core Insights - Archer Aviation's proposed air taxi, the Midnight, has recently achieved significant flight records, including altitudes of 7,000 feet and 10,000 feet, and a longest flight of approximately 55 miles in 31 minutes, leading to a rise in its stock price [1][2] - The company is nearing commercialization, with shares trading under $12, prompting speculation about potential investment opportunities [2] - Archer's eVTOL craft is designed for short-distance urban flights, addressing traffic congestion issues in cities [3][4] Market Potential - The demand for eVTOLs is expected to grow rapidly once they become available, as they can alleviate urban traffic problems [3] - Archer has a partnership with United Airlines, which could enhance growth through short-hop trips to airports [5] Regulatory Progress - Archer is working towards obtaining type certification from the FAA, which is crucial for commercial operations and flying paying passengers [6] - The company has already secured Part 141 for pilot training and Part 135 for commercial operations, indicating progress in regulatory compliance [6] Industry Outlook - The eVTOL market is projected to be worth approximately $9 trillion by 2050, highlighting significant future revenue potential for companies like Archer [7] - Challenges remain, including regulatory approval and the need for substantial infrastructure investment before generating significant revenue [7]