Joby Aviation posted a strong Q3 2026, beating revenue estimates and raising its sales forecast. The company completed first flights in Texas and Florida, lifting sentiment around urban air mobility. Certification timelines and cash needs remain key risks, which could cap upside for the broader eVTOL space, including Archer Aviation.
Archer Aviation (ACHR) announced a partnership with ITA Airways to explore an electric air taxi network in Italy, using Archer's Midnight aircraft. ITA will link the service to its network to test passenger flow between airports and downtowns, but no launch date or financial terms were disclosed. The deal highlights potential European expansion and favorable regulatory conditions that could benefit ACHR if deployment proves viable.
ARK Invest expanded exposure to Archer Aviation (ACHR) and Joby Aviation (JOBY) across several ETFs, signaling continued conviction in eVTOL and mobility tech. The trades boosted Archer shares by millions, though ACHR closed down about 1.5% to $4.65, implying near-term pressure. If ARK's activity reflects credible growth and regulatory progress, ACHR could see sustained upside.
Archer Aviation disclosed that a California federal court dismissed parts of Joby Aero's trade-secret and contract claims against the company, and Archer's counterclaims were also dismissed. The ruling reduces near-term litigation tail risk but does not resolve all disputes, leaving residual claims and potential costs. The development could alleviate some competitive-driven litigation concerns and support ACHR's valuation in the near term.
Boeing agreed to sell Wisk Aero, SkyGrid, Insitu to Archer Aviation for a stake in Archer, signaling a refocus on core businesses. The move accelerates Archer's access to autonomous eVTOL tech, air-traffic management, and military drone capabilities, with Archer aiming for commercial eVTOL flights by year-end or early next year. The deal could lift ACHR sentiment on progress in U.S. urban air mobility.
Archer aims to certify its air taxis by the 2028 Los Angeles Olympics, a key catalyst for the stock. The unveiling of the Thunder autonomous VTOL defense craft with Anduril signals diversification into defense, potentially accelerating timelines and funding. While regulatory hurdles persist, the 12% move suggests investors anticipate progress and broader adoption support.