Archer Aviation, a speculative air taxi start-up, awaits FAA approval for its eVTOL aircraft. The company has no revenue, is burning through investor cash, and anticipates further share dilution. Despite progress, the lack of approval poses risks. Investing in Archer requires caution due to uncertainty around profitability and share value.

Archer plans to offer eVTOL air taxis for urban short-hop travel, aiming to revolutionize transportation. The company envisions fleets of electric aircraft carrying passengers from city centers to airports swiftly. While FAA approval is pending, Archer has conducted test flights showcasing the Midnight’s capabilities. Despite promising technology, risks remain in the company’s future.

Preparing for commercialization, Archer has set up a manufacturing facility in Georgia and acquired Hawthorne Municipal Airport for the 2028 Los Angeles Olympics. The company has burned $487 million in cash over the past year, prompting share offerings to fund ongoing development costs. Share dilution may impact investors, emphasizing the inherent risk in investing in Archer Aviation.

Read more at Yahoo Finance: 2 Things Every Archer Aviation Investor Needs to Know