News about air taxis

The author predicts Archer Aviation (ACHR) will more than triple its revenue by the end of 2028. Archer has barely generated $7 million in revenue over the last 12 months because its Midnight aircraft still lacks FAA approval for full commercial passenger operations, while analysts expect revenue of about $506 million by 2028. Potential upside includes a planned acquisition of three Boeing subsidiaries, one a profitable drone business with over $200 million in annual revenue, and a partnership with Anduril, including a UAE commitment to buy 50 Omen systems. Still, last quarter's operating expenses of about $284 million were more than half of projected 2028 revenue, so revenue growth alone would not necessarily send the stock soaring.