Is Archer Aviation a Millionaire Maker?

I can't tell you how many sci-fi movies I watched as a kid (a lot), but I can tell you that they sure had me convinced I would have my own flying car by now. That may still be far off, but an exciting crop of aviation start-ups are working to get us pretty close with their electric vertical takeoff and landing (eVTOL) aircraft.One of the most dynamic entrants, Archer Aviation (NYSE: ACHR), has seen its share price more than double in the past six weeks after a string of major announcements. There's a lot of buzz around the company, so is it a millionaire maker?Founded in 2018, the company is still pre-revenue. That's not surprising. It is developing new technology and innovating a new industry. This takes time with any industry but add in the incredibly strict regulatory environment of aviation, and you can see why it's still laying the groundwork.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool