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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Brett Schafer, The Motley FoolSat, Aug 30, 2025, 11:45 AM 5 min readShares of the "flying taxi" maker are now trading below $10, their IPO price.Archer is working toward building its air taxi network, but is burning a lot of cash.Continued uncertainty around its future financials makes this a risky stock.10 stocks we like better than Archer Aviation ›It has been decades since the world saw a true physical transportation innovation. Sure, Uber Technologies and Lyft -- and now Waymo -- have innovated in how we interact with cars, but people are still riding around in the same old type of vehicle (whether electric or internal combustion engine). Commercial planes were introduced after World War II, and the high-speed rail networks of Japan were actually invented in the 1960s.This may all change with electric air taxis and companies like Archer Aviation (NYSE: ACHR). The upstart company is building electric vertical takeoff and landing vehicles (eVTOLs) and plans to build an air taxi network to disrupt urban travel. In recent months, its stock has begun to dip, falling below its SPAC IPO price of $10.Does all this mean investors should buy the dip on this transportation disruptor before it goes parabolic?In the early stages of development, Archer Aviation is planning to host point-to-point air taxi networks with its electric taxi vehicle called the Midnight. Think of the service as similar to helicopter pads in different areas across a city, allowing customers to bypass traffic and quickly get from point A to point B. Plans call for air taxi networks in cities such as New York, Los Angeles, and Abu Dhabi within the next few years. In Los Angeles, the company is racing to be ready for the 2028 Summer Olympics.To get there, the Midnight aircraft still needs certification from the Federal Aviation Administration (FAA), which is taking a long time to inspect this new type of transportation vehicle. Midnight aircraft will be flying above residential and commercial areas in cities, so they need to be extremely safe and reliable.Archer Aviation management is hoping the vehicles get fully certified by the FAA shortly, but it is unclear what the exact timeline will be or if there will be any hiccups along the way. It is a huge roadblock in Archer Aviation's growth plans that investors should track closely.Once the Midnight is certified, it will be ready to start scaling up production and getting these air taxi networks operational (and making money).Image source: Getty Images.Building out an entirely new form of transportation is expensive, which you can see from Archer Aviation's financials. The company is scaling up manufacturing facilities around the United States, with plans to eventually hit a rate of 50 Midnight aircraft sold each year.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,460.26 -41.60 (-0.64%)Dow 3045,544.88 -92.02 (-0.20%)Nasdaq21,455.55 -249.61 (-1.15%)Russell 20002,366.42 -11.99 (-0.50%)VIX15.36 +0.93 (+6.44%)Gold3,516.10 +41.80 (+1.20%)PortfolioSign in to access your portfolioSign inTop gainersAMBA Ambarella, Inc. 82.48 +11.85 (+16.78%)IREN IREN Limited 26.48 +3.44 (+14.93%)BABA Alibaba Group Holding Limited 135.00 +15.43 (+12.90%)AFRM Affirm Holdings, Inc. 88.46 +8.47 (+10.59%)DOOO BRP Inc. 62.98 +5.49 (+9.55%)Top losersMRVL Marvell Technology, Inc. 62.87 -14.36 (-18.60%)CHA Chagee Holdings Limited 19.11 -2.89 (-13.14%)RMBS Rambus Inc. 73.77 -7.32 (-9.03%)DELL Dell Technologies Inc. 122.15 -11.90 (-8.88%)BLSH Bullish 59.03 -5.40 (-8.38%)Most activeWBA Walgreens Boots Alliance, Inc. 11.98 0.00 (0.00%)OPEN Opendoor Technologies Inc. 4.4500 +0.1800 (+4.22%)NVDA NVIDIA Corporation 174.18 -5.94 (-3.30%)LCID Lucid Group, Inc. 1.9800 -0.0900 (-4.35%)MRVL Marvell Technology, Inc. 62.87 -14.36 (-18.60%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersETH-USD Ethereum USD 4,473.35 +90.47 (+2.06%)DNUT Krispy Kreme, Inc. 3.5500 -0.0150 (-0.42%)OKLO Oklo Inc. 73.64 -4.25 (-5.46%)BTC-USD Bitcoin USD 108,449.41 -78.47 (-0.07%)SCHD Schwab U.S. Dividend Equity ETF 27.92 +0.10 (+0.36%)Top economic events