Overview
- The FAA approved 100% of Archer’s Means of Compliance, which is the agreed rulebook for how the company will prove its Midnight air taxi meets safety standards.
- Archer is aiming to begin passenger service in late 2026 and is working with Hopscotch Air on route design to shape early operations.
- The company ended 2025 with about $2 billion in liquidity but remains effectively pre-revenue and guides to an adjusted EBITDA loss of $160 million to $180 million.
- Investor interest picked up as the stock rose about 12% over the past week after filings showed Sumitomo Mitsui Trust Group bought more than 1.4 million shares, lifting institutional ownership above 50%.
- Analyst views lean modestly positive with Needham cutting its price target to $9 and the average target near $12, and a White House eVTOL pilot effort provides policy support that could ease early rollouts.