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Why Is Archer Aviation Stock Skyrocketing Today?

TheMotleyFool 
0 0 06.10.25
Why Is Archer Aviation Stock Skyrocketing Today?: https://g.foolcdn.com/editorial/images/836812/tesla-building-with-tesla-logo-and-two-teslas-in-front.png
 

Shares of Archer Aviation (NYSE: ACHR) are climbing on Monday, up 15.6% as of 2:03 p.m. ET. The spike comes as the S 500 is up 0.4%, and the Nasdaq Composite is up 0.7%.

Archer successfully showed off its electric vertical takeoff and landing (eVTOL) aircraft Midnight at the California International Air Show over the weekend as rumors swell regarding a possible partnership.

Archer's Midnight eVTOL took off and flew above the crowds at the 2025 California International Air Show in Salinas, California this weekend. The company noted the lack of noise produced by Midnight despite reaching speeds of 125 miles per hour. The flight comes on the heels of two of Midnight's highest-altitude test flights to date, with one reaching 10,000 feet, bringing the aircraft one step closer to full commercial flight, which management expects to achieve in 2026.

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Source Fool.com

Archer Ltd Stock

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