From Yahoo Finance: 2025-06-07 04:02:00

In March, Palantir announced a partnership with Archer Aviation, which aims to scale its manufacturing capabilities and grow in the air taxi industry. Archer plans to produce 650 aircraft per year by 2030, with the goal of being the official air taxi provider for the 2028 Olympic Games in Los Angeles.

Archer is developing eVTOL aircraft to alleviate traffic in major cities. Leveraging Palantir’s AI tools, Archer aims to manufacture at least two aircraft per month by the end of the year. The company is well-funded with over $1 billion in cash but faces risks as it scales operations and incurs losses.

Despite Archer’s 200% stock surge in the past year, the company is not generating revenue yet and faces uncertainties. While Archer has potential in the air taxi industry, investors should be cautious due to high valuation and operational risks. The partnership with Palantir may not guarantee significant gains or cost savings for Archer.



Read more at Yahoo Finance: This Company Signed an AI Deal With Palantir. Could It Be the Next Big Growth Stock?