double_m
5 days ago
Why Archer Aviation Stock Skyrocketed Today
Story by Keith Noonan • 5h • 3 min read
Archer Aviation (NYSE: ACHR) stock posted explosive gains in Tuesday's trading, which saw the market close at 1 p.m. for the Christmas Eve holiday. The company's share price ended the abbreviated daily trading session up 15.1%.
Archer Aviation surged today following some big news in the defense industry. According to a report from The Financial Times, Palantir (NASDAQ: PLTR) is teaming up with defense-tech innovator Anduril to form a new consortium that aims to make big waves in the defense space -- and it could have implications for Archer.
Are Palantir and Anduril about to shake up the defense industry?
Palantir and Anduril are reportedly aiming to create a new power block in the defense industry. The FT's report says the two companies are talking to businesses including OpenAI, SpaceX, Scale AI, and Saronic to form a defense consortium that aims to challenge industry stalwarts, including RTX, Lockheed Martin, and Boeing.
Palantir and Anduril are innovation-focused players in the defense industry, with the former company being a leader in artificial intelligence (AI) software and the latter working on unmanned vehicles and robotics. The list of companies that the two partners are said to be approaching for their consortium suggests they're aiming to build a network of disruptive, next-gen tech players with the ability to outcompete current industry leaders in emerging categories. Archer Aviation investors are understandably excited.
What comes next for Archer Aviation stock?
On Dec. 12, Archer published a press release announcing that it had entered a partnership with Anduril to develop flying electric vehicles for the defense industry. Anduril has already won U.S. defense contracts, and the team-up has the potential to be a powerful catalyst for Archer. While Archer wasn't specifically named as a potential partner approached for the proposed defense consortium with Palantir, it seemingly makes for a natural candidate.
Archer Aviation recently said that it expects to begin production at its Georgia plant in the beginning of 2025, and CEO Adam Goldstein has said he expects commercial flights to begin next year. With a promising outlook on the defense front and the potential for commercial flights to kick off next year, Archer stock could keep rallying.
https://www.msn.com/en-us/money/other/why-archer-aviation-stock-skyrocketed-today/ar-AA1wrvh5?ocid=hpmsn&cvid=f41e0b729ee94750934318753c60a585&ei=6
wiwineguy
2 weeks ago
ACHR will explode in 2025.
Top 10 Stocks to Buy NowFree Article Why Archer Aviation Stock Could Trounce the S&P 500 in 2025By George Budwell – Dec 18, 2024 at 6:30AMKey PointsArcher's exclusive partnership with defense-tech leader Anduril positions the company to capture lucrative military contracts while advancing its commercial ambitions.A strategic $430 million capital raise, backed by United Airlines, Stellantis, and institutional powerhouse Wellington Management, validates Archer's commercialization strategy.Despite the stock's 185% surge over the past 90 days, Archer’s shares still appear significantly undervalued.Buy Alert: Our 10 best stocks to buy right now (see the list)The electric vertical takeoff and landing (eVTOL) industry represents the next frontier in aviation, with JPMorgan analysts projecting a $1 trillion market opportunity by 2040. Among the companies vying to capture this massive potential, Archer Aviation (ACHR 2.48%), valued at $3.88 billion, stands out through two transformative developments that reshape its growth trajectory. Namely, the company has forged an exclusive partnership with defense technology innovator Anduril while completing a strategic $430 million capital raise that solidifies its top-tier position within the industry.
double_m
3 weeks ago
Flying Taxis to Begin Trials in Al Ain by May 2025
Story by UAEMoments team • 13h • 2 min read
Flying taxis are set to take off in the UAE, with trials scheduled to begin in Al Ain by May 2025. Falcon Aviation Services, an Abu Dhabi-based company, plans to launch commercial air taxi services by January 1, 2026, according to CEO Ramandeep Oberoi.
Vertiports Planned in Key Locations
Falcon Aviation partnered with Archer Aviation, a US-based electric flying car manufacturer, in March 2024 to create cutting-edge vertiports. These facilities will be located at Atlantis, The Palm in Dubai, and Marina Mall heliport on Abu Dhabi’s Corniche.
The first passenger flights will use Archer’s Midnight flying taxis, traveling between these vertiports. The 30-minute journeys will take passengers over scenic water routes, offering breathtaking views of Dubai and Abu Dhabi.
Future Plans for Connectivity
Initial operations will focus on routes within Abu Dhabi, with plans to connect Abu Dhabi and Dubai by mid-2026. Future expansions aim to link Dubai and Ras Al Khaimah, catering to major destinations like the Wynn Resort project, and eventually include Al Ain.
"We’re building the market gradually,” said Oberoi, emphasizing the UAE’s strong road infrastructure as a complementary network.
Affordable Airfare Goals
Falcon Aviation aims to make flying taxis accessible, targeting fares of around Dh1,000 per passenger for Abu Dhabi-Dubai trips—about twice the cost of a regular taxi. Within cities, the goal is Dh300. However, Oberoi noted that these figures are still under negotiation and may change.
Slow and Steady Hiring Approach
The company is taking a measured approach to recruitment, relying on existing staff and bringing in specialized personnel from the US. Additional hires will include ground operations and engineering teams to manage vertiports and maintain the vehicles.
https://www.msn.com/en-us/travel/news/flying-taxis-to-begin-trials-in-al-ain-by-may-2025/ar-AA1vDOP5?ocid=hpmsn&cvid=2b3fab64aaad4acd88277681f3b45e4c&ei=124
double_m
3 weeks ago
Abu Dhabi to launch commercial electric air taxis
Story by GlobalData • 9Dec24 • 10:00
Archer Aviation has announced a multiparty collaboration with key United Arab Emirates (UAE) and Abu Dhabi entities to advance the establishment of commercial electric vertical-take-off and landing (eVTOL) air taxi services in the UAE capital.
Abu Dhabi is claimed to become the first city in the Middle East and North Africa to launch these types of services.
The Abu Dhabi Investment Office (ADIO), a principal signatory, will coordinate with various domestic bodies to prepare for the scheme's commercial launch.
The ecosystem for eVTOL development includes Abu Dhabi Airports, Falcon Aviation Services, Etihad Aviation Training, the UAE's General Civil Aviation Authority, Global Air Navigation Services, Global Aerospace Logistics, and the Integrated Transport Centre.
The collaboration delineates the roles and responsibilities of each party, setting the stage for definitive agreements between Archer and the commercial stakeholders.
This partnership builds upon a previous agreement with the ADIO to expedite the commercialisation of air taxis in the region.
ADIO director general Badr Al-Olama said: “We are pleased to see leading members of Abu Dhabi’s aviation sector collaborating with Archer to support the launch of air taxis in the emirate. This partnership marks a major milestone in the efforts led by Abu Dhabi’s Smart and Autonomous Systems Council to accelerate smart and advanced mobility solutions, further solidifying the emirate’s position as a global leader in smart and autonomous vehicles.”
Abu Dhabi Airports managing director and CEO Elena Sorlini added: “We are proud to support this pioneering collaboration, marking a significant step towards sustainable urban mobility in Abu Dhabi. This partnership reinforces our commitment to innovation and positions the emirate as a global leader in next-gen transportation, ensuring seamless connectivity for future passengers.”
In May this year, Archer Aviation launched its battery pack manufacturing site, the first of two facilities set to be completed in 2024.
"Abu Dhabi to launch commercial electric air taxis" was originally created and published by Airport Technology, a GlobalData owned brand.
https://www.msn.com/en-us/money/other/abu-dhabi-to-launch-commercial-electric-air-taxis/ar-AA1vyAEV?ocid=hpmsn&cvid=c3d6a76c811744038e4b53cc597254f8&ei=55
stocksrising
4 weeks ago
here's the full monty( ps.- buying on pullback, back to double digits closer to dec. 20th)
ARCHER AVIATION INC.
190 W. Tasman Drive
San Jose, California 95134
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
TO BE HELD FRIDAY, DECEMBER 20, 2024
The Special Meeting of Stockholders (the “Special Meeting”) of Archer Aviation Inc., a Delaware corporation (the “Company,” “we”, “our” or “us”), will be held virtually on Friday, December 20, 2024, 12:00 p.m. Pacific Time. You will be able to attend the Special Meeting online and submit your questions during the meeting by visiting www.virtualshareholdermeeting.com/ACHR2024SM and entering your 16-digit control number included on your proxy card or on the instructions that accompanied your proxy materials. The Special Meeting will be held for the following purposes:
1.
To approve an amendment to the Company’s Amended and Restated Certificate of Incorporation, dated as of September 16, 2021 (the “Amended and Restated Certificate of Incorporation”), to increase the number of authorized shares of the Company’s Class A common stock, par value $0.0001 per share (the “Class A Common Stock”) available for issuance from 700,000,000 to 1,400,000,000 (such proposal, the “Authorized Share Proposal”);
2.
To approve the issuance of 2,982,089 shares of Class A Common Stock (the “Stellantis Subscription Shares”) to Stellantis N.V. (“Stellantis”) pursuant to that certain Subscription Agreement, dated as of August 8, 2024, by and between the Company and Stellantis (the “Stellantis Subscription Agreement”) and the issuance of Class A Common Stock pursuant to the Stellantis Forward Issuance Agreement (as defined below), and the Stellantis Warrants (as defined below) in accordance with the listing rules of the New York Stock Exchange (the “NYSE”) (such proposal, the "Stellantis Share Issuance Proposal”);
3.
To approve an amendment to the Amended and Restated Certificate of Incorporation to add certain foreign ownership limitations to establish restrictions imposed by federal law related to U.S. air carriers (such proposal, the “U.S. Air Carrier Ownership Amendment Proposal”);
4.
To approve a proposal to adjourn the Special Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Authorized Share Proposal, the Stellantis Share Issuance Proposal or the U.S. Air Carrier Ownership Amendment Proposal (such proposal, the “Adjournment Proposal”); and
5.
To transact such other business as may properly come before the Special Meeting or any continuation, postponement, or adjournment of the Special Meeting.
Holders of record of our Class A Common Stock and our Class B common stock, par value $0.0001 per share (the “Class B Common Stock”), as of the close of business on October 30, 2024 (the “Record Date”) are entitled to notice of and to vote at the Special Meeting, or any continuation, postponement, or adjournment of the Special Meeting. Each share of Class A Common Stock that you own represents one vote and each share of Class B Common Stock that you own represents ten votes. For questions regarding your stock ownership, you should contact your broker or, alternatively, if you do not hold shares through a broker, you may contact us at legal@archer.com, or our transfer agent, Continental Stock Transfer & Trust Company, through its website at https://continentalstock.com, by phone at (212) 509-4000, or by e-mail at cstmail@continentalstock.com. For ten days prior to the Special Meeting, a complete list of the stockholders entitled to vote at the Special Meeting will be available for examination by any stockholder for any purpose relating to the Special Meeting during ordinary business hours at our headquarters, at 190 W. Tasman Drive, San Jose, California 95134. The Special Meeting may be continued, postponed, or adjourned from time to time without notice other than by announcement at the Special Meeting.
It is important that your shares be represented regardless of the number of shares you may hold. Whether or not you plan to attend the Special Meeting online, we urge you to vote your shares via the toll-free telephone number or over the Internet, as described in the enclosed materials, or by signing, dating and mailing the enclosed proxy card in the enclosed return envelope. Promptly voting your shares will ensure the presence of a quorum at the Special Meeting and will save us the expense of further solicitation. Submitting your proxy now will not prevent you from voting your shares at the Special Meeting if you desire to do so, as your proxy is revocable at your option.
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