‘Flying Taxi’ Loses 300 Billion Overnight… Bets Waver After Earnings Report

Archer Aviation Inc. (NYSE: ACHR), a leading urban air mobility stock, closed at $5.57 on the New York Stock Exchange on the 24th, down 5.43% from the previous day. Trading volume exceeded 18.72 million shares, and the company’s market capitalization fell to approximately $4.1 billion—about 5.6 trillion won—erasing roughly $210 million (around 290 billion won) in value in a single session.

In its fourth-quarter 2025 earnings report released earlier this month, Archer posted revenue of $300,000 and a net loss of $188.9 million, widening its deficit. However, the company emphasized that its cash and liquidity reserves are at record highs. Meanwhile, having secured 100% FAA “Means of Compliance” approval for its eVTOL aircraft “Midnight,” Archer announced that its U.S. and UAE air taxi pilot programs are on track to begin in 2026, reaffirming that its commercialization timeline remains intact.

Headquartered in San José, California, Archer Aviation is an electric vertical takeoff and landing (eVTOL) aircraft developer founded in 2018. The company has set its sights on the short-haul urban transport market with its air taxi model, Midnight. Partnering with global carriers such as United Airlines, Archer is preparing flying-taxi routes linking major city airports, including New York and Chicago. As a result, the timing of its commercial rollout and its ability to secure additional funding are expected to be key drivers of its future share price and overall valuation.