Archer Aviation: Launch Edition To The Rescue (Rating Upgrade)
Update - May 16, 2025 Archer Aviation has rallied to $14 today on the news yesterday regarding the LA28 Olympics. The stock had rallied nearly 100% in less than a month and probably needs to consolidate here with the market cap topping $7 billion. -Archer Aviation announced on Thursday that the company was selected as the Official Air Taxi Provider of the 2028 Los Angeles Olympic and Paralympic Games. Through the exclusive partnership, Archer's Midnight eVTOL aircraft will be integrated across the LA Olympic Games in various ways, such as transporting VIPs, fans, and stakeholders transportation, while also electrifying vertiport take-off-and-landing hubs for key venues and providing support for emergency services and security. -The company said it will introduce its Midnight eVTOL aircraft to Los Angeles in partnership with the LA Olympics organization. The event is expected to host over 15 million visitors and broadcast to billions of viewers globally over the course of the Games...