ACHR completes Phase 3 of FAA certification with a $3.7 billion valuation, sparking acquisition talks among strategic buyers.
Archer Aviation (ACHR) became the first eVTOL developer to complete Phase 3 of the FAA’s Type Certification process, a key regulatory hurdle. Shares closed at $4.82, down 55% over the past year, trimming its market cap to $3.7 billion. The company remains the official air taxi provider for the LA28 Olympics and holds partnerships in eight states.
Analysts maintain a $10.50 price target on ACHR, with a put/call ratio of 0.27 indicating bullish options market sentiment. Strategic stakeholders include Stellantis (STLA), which manufactures Archer’s Midnight aircraft and holds a 10% stake, and United Airlines (UAL), with a conditional order for 200 aircraft. No formal acquisition discussions have been reported.
Potential suitors range from Boeing to Nvidia, though analysts view Nvidia’s involvement as unlikely due to its focus on AI infrastructure rather than aircraft manufacturing. Boeing, despite backing rival Wisk, remains a plausible buyer given its aerospace expertise.