Archer Aviation and the Field of Dreams Business Model

If you build it, they will come -- but in aerospace, you need more than vision. You need capital, regulatory traction, and global partnerships just to reach the runway.Critics of Archer Aviation (NYSE: ACHR) seem to have missed this fundamental truth about how transformative technologies reach the market. The short thesis fixates on whether the company can meet its stated production and certification targets, as if timeline adjustments in a complex regulatory environment somehow invalidate the entire enterprise.Here's what the skeptics are missing: Archer's stock trades around $11.40 per share, as of this writing (July 15), supporting a $6.3 billion market cap for a pre-revenue company. That's not irrational exuberance -- it's the market pricing in the systematic de-risking of what was once considered science fiction. Nearly four years after going public, the company has assembled one of the strongest balance sheets in the advanced air mobility industry, with over $1.4 billion in cash and committed capital following its recent $850 million strategic funding round.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool