Is Archer Aviation a Millionaire Maker?

I can't tell you how many sci-fi movies I watched as a kid (a lot), but I can tell you that they sure had me convinced I would have my own flying car by now. That may still be far off, but an exciting crop of aviation start-ups are working to get us pretty close with their electric vertical takeoff and landing (eVTOL) aircraft.

One of the most dynamic entrants, Archer Aviation (NYSE: ACHR), has seen its share price more than double in the past six weeks after a string of major announcements. There's a lot of buzz around the company, so is it a millionaire maker?

Founded in 2018, the company is still pre-revenue. That's not surprising. It is developing new technology and innovating a new industry. This takes time with any industry but add in the incredibly strict regulatory environment of aviation, and you can see why it's still laying the groundwork.

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Source Fool.com