Revisiting Archer Aviation's Sky-Taxi Dream

Nov. 14, 2022 12:32 PM ETArcher Aviation Inc. (ACHR)9 Comments
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ZMK Capital
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Summary

  • My initial outlook on the firm was resoundingly bearish.
  • Cheap money, a fanciful narrative and poor investor prudence saw capital flood into the project.
  • A booming capital market provided momentum for the venture to take off.
  • Since then, capital markets have shifted as risk premiums peaked.
  • Only deep pockets prevent the enterprise from a full-blown stall.

An unmanned passenger drone has flown in to pick up its passenger on a cloudy day. Unmanned air taxi. 3D Rendering

designprojects

Brief Introduction

It was not too long ago that Archer Aviation (NYSE:ACHR) pitched its narrative. Safe, fast, cheap, and reliable transportation was possible. The firm was going to achieve this with its airborne fleet of taxis.

Besides, there was an

Investor Presentation

Archer Aviation

Investor Presentation

Archer Aviation

Investor Presentation

Archer Aviation

Investor Presentation

Archer Aviation

Investor Presentation

Archer Aviation

This article was written by

ZMK Capital profile picture
1.42K Followers
ZMK Capital is a Southeast Asian based prop trading desk focusing on long/ short macro set ups globally. Additionally, the desk publishes equity specific research, ETF overviews, earnings plays and macro-economic analysis. Current focal points include the global energy market, natural resources, macro-economics, interest rates and Fx. Beyond managing money in these markets, interests include data science linked to securities markets, game theory & professional sports.Feel free to direct message me if you are interested in being part of a community of prop traders, investors & money managers.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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