Archer Aviation IPO
Archer Aviation develops electric vertical takeoff and landing aircraft for urban air mobility services. The company focuses on creating sustainable aviation solutions for short-distance city transportation through its eVTOL aircraft and planned air taxi network.
Key Facts
| Industry | Urban Air Mobility |
| Founded | 2018 |
| Headquarters | San Jose, CA |
| Employees | ~800 |
| Website | archer.com |
| Funding | Public via SPAC merger. Market cap: ~$1.5B |
About Archer Aviation
Archer Aviation is developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility applications, focusing on creating sustainable aviation solutions for short-distance transportation. The company's flagship aircraft, Midnight, is designed to carry four passengers plus a pilot for distances up to 60 miles at speeds of up to 150 mph, targeting use cases like airport shuttles, intercity travel, and urban commuting. Archer's aircraft feature a unique design with 12 electric motors and advanced flight control systems optimized for safety, efficiency, and low noise operation.
The company has made significant progress toward commercialization, including strategic partnerships with United Airlines for aircraft purchases and Stellantis for manufacturing support. Archer is working through the FAA certification process and has conducted extensive flight testing of its prototype aircraft. The company is positioning itself to be among the first to market with a certified eVTOL aircraft for commercial passenger service, targeting launch in major metropolitan areas where traffic congestion and infrastructure limitations create demand for aerial transportation solutions.
IPO Status
Archer Aviation went public in September 2021 through a merger with Atlas Crest Investment Corp, a SPAC, in a deal that valued the company at approximately $3.8 billion. The transaction provided capital for the company to advance its eVTOL aircraft development and move toward FAA certification. Since going public, Archer has continued flight testing and development of its Midnight aircraft while building partnerships with airlines and other aviation companies. The company has also faced some legal challenges and the typical volatility associated with early-stage electric aviation stocks as the industry works toward commercial viability.
Competitors
Frequently Asked Questions
Does Archer Aviation have a stock?
Yes, Archer Aviation completed its public listing in September 2021 through a SPAC merger with Atlas Crest Investment Corp. The company trades on the NYSE under ticker ACHR.
When is the Archer Aviation IPO date?
Archer Aviation already went public in September 2021, so there is no pending IPO date. The company currently trades on the New York Stock Exchange under ticker symbol ACHR.
How can I buy Archer Aviation stock?
You can buy Archer Aviation stock through any brokerage account as it publicly trades on the NYSE under ticker ACHR. The stock is available during regular trading hours like other public companies.
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