Archer Aviation, a leading urban air mobility company, is set to go public through a SPAC merger with Atlas Crest Investment Corp. The deal values Archer at $3.8 billion, with $1.1 billion in gross proceeds expected. This move will provide the necessary funding to bring their electric vertical takeoff and landing (eVTOL) aircraft to market. With partnerships in place with United Airlines and a strong leadership team, Archer is poised to revolutionize the future of transportation. Investors are eagerly watching as Archer aims to make flying cars a reality.

Read more at Barchart: Can Archer Aviation Become the Tesla of the Skies?