Archer Aviation Stock

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Archer Aviation Stock

Archer Aviation Stock: Can It Make You A Millionaire?

The next decade could lead to a lot of major moments in modern history. For starters, we might get AGI or something similar to it. Another big thing that could happen in the next 5-6 years is flying cars.

Archer Aviation is one of the many companies working in transportation. The company makes eVTOLs, also known as electric vertical take-off and landing airplane. In the coming years, the company wants to use these eVTOLs as flying air taxis.

So, buying Archer Aviation stock today might set you up for big gains if eVTOLs become a big thing in the 2030s. But can buying Archer Aviation stock make you a millionaire?

Air Mobility Market Will Be Worth $255 Billion

Archer Aviation is still in pre-market form, and business is almost non-existent. There are no commercial flights of the eVTOLs for now. But once the company has FAA certification and completes all the requirements, things will change.

According to Morgan Stanley, the urban air mobility market will be worth $255 billion by 2035. By the end of 2040, the market will be worth $1 trillion.

So, it is clear that Archer Aviation has the potential to become a $1 trillion company. But for that to happen, the company must be able to capture a big portion of the market.

Amidst all of this, let's not forget that Archer Aviation is also involved in the defense sector. So, it could also use the aircraft it has made for military missions or even for cargo transportation. Still, the company must establish an air taxi business to become truly successful.

So, can buying Archer Aviation stock make you a millionaire? It is difficult to say for now, as the company has yet to get the required approvals to start commercial flights. But if you are willing to take the risk, you can consider adding Archer Aviation stock to your portfolio.

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