Archer Aviation went public on September 17, 2021 after a SPAC merger, and its shares rose 111% in the following three months, partly helped by a conditional United Airlines order for up to $1 billion in aircraft with an option for another $500 million. However, the stock has fallen more than 44% since the start of 2026. As of writing, shares are up 33.3% since the IPO, versus 84% for the S&P 500, meaning a $5,000 investment would be worth about $6,667. The author notes that Archer has not yet begun commercial operations, so the stock remains speculative and requires a high risk tolerance.
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