Archer Aviation
ð§ ZombieTrust Size
$500M
Peak Price
$14.81
Current Price
$8.50
Return
-15.0%
Peak Market Cap
$4.5B
What Happened
Joby rival building electric air taxis. Embroiled in a trade secret lawsuit from Wisk Aero (Boeing-backed). Still pre-revenue with FAA certification years away.
Archer Aviation merged with Atlas Crest Financial in September 2021. The company competes with Joby in the eVTOL space and claims its Midnight aircraft can carry 4 passengers 60 miles. But Archer was immediately hit with a trade secret theft lawsuit from Wisk Aero (backed by Boeing), alleging Archer poached engineers and stole designs. The lawsuit settled in 2024. Like Joby, Archer has zero revenue, burns $100M+ quarterly, and has missed its commercial launch timeline. United Airlines invested $1B conditional on certification.
Projections vs. Reality
Projected Revenue
$1.0B
What they told investors
Actual Revenue
$0
What actually happened
Key People
Adam Goldstein
CEO & Co-founder
Former investment banker turned eVTOL entrepreneur
Brett Adcock
Co-founder
Left in 2023 to start other ventures
Timeline
2021-02
SPAC merger announced
2021-04
Wisk Aero files trade secret lawsuit
2021-09
Merger completed
2024-02
Wisk lawsuit settled
2025-01
Still pre-revenue, targeting 2025-2026 launch
âïļ Legal Actions
âĒ Class action lawsuit filed by shareholders
ð SEC Filings
View all EDGAR filings for Archer Aviation
Risk Scores
Dilution Score
62/100
Insider Profit Index
48/100