Joby Aviation has acquired Blade, indicating where they are investing.
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Archer Aviation Surges 19% (Here's Why)
Archer Aviation's stock surged 19% following the announcement of a new product developed with Anduril, a hybrid electric eVTOL platform for defense and commercial use. While this deepens their military investment, it raises long-term questions. The company's CEO pushed back commercial aircraft ambitions, now targeting the 2028 LA Olympics for commercial operations. The creator, who owns Joby Aviation, discusses the importance of focus in this space and why Archer is not yet a buy for their portfolio.
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Archer Aviation has previously announced press releases and developments with companies like Palantir.
The creator currently owns shares of Joby Aviation and contrasts it with Archer Aviation, highlighting the importance of focus in the eVTOL space.
Archer Aviation's stock surged on news of a new product with Anduril, but the creator is holding off on buying due to long-term questions and delayed commercial ambitions.
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