Archer Aviation Shares Edge Up in Early Trading; Focus Stays on Broader ACHR Opportunity
Archer Aviation shares rose to $6.55 in early New York trading Thursday, up 0.5%, valuing the company near $5 billion. The company reported a Q1 net loss of $217.7 million on $1.6 million revenue, with $1.78 billion in cash. Investors await FAA clearance for its Midnight eVTOL aircraft. Joby Aviation and BETA Technologies slipped slightly in early trade.