What Archer Aviation (ACHR)'s 7,000-Foot Midnight Test Flight Means for Shareholders

Simply Wall St
  • Archer Aviation recently announced that its Midnight aircraft successfully completed its highest altitude flight to date, reaching 7,000 feet at its Salinas, California test facility as part of an envelope expansion testing program.
  • This milestone highlights the aircraft’s growing readiness for FAA certification and near-term commercialization in the United Arab Emirates.
  • We’ll examine how this high-altitude flight achievement supports Archer Aviation’s path toward commercial viability and regulatory approval.

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What Is Archer Aviation's Investment Narrative?

For anyone considering Archer Aviation as an investment, the core belief comes down to whether the company can successfully take its Midnight aircraft from niche demonstration flights into everyday urban air mobility services, both in the US and abroad. The recent successful 7,000-foot altitude flight is a technical step forward and speaks to real progress toward meeting FAA certification requirements and launching commercial operations, in particular, its planned rollout in the UAE. In the short run, this milestone helps reinforce Archer’s position as a player making tangible advances, which could strengthen investor confidence around regulatory approval and partnerships. However, big hurdles remain: the company is still unprofitable, burning through cash, and has yet to generate meaningful revenue. Ongoing legal challenges and executive changes also add complexity. While the flight achievement signals momentum, the main short-term catalysts and the company’s biggest risks, profitability and regulatory timelines, remain critical and unchanged for now.

However, ongoing lawsuits and increasing losses are risks investors shouldn’t ignore.

Archer Aviation's shares have been on the rise but are still potentially undervalued. Find out how large the opportunity might be.

Exploring Other Perspectives

ACHR Community Fair Values as at Sep 2025
Most of the 42 Simply Wall St Community analyst fair value estimates for Archer range widely, from just under US$3 to nearly US$30. This reflects substantial disagreement about the company’s prospects, echoing broader uncertainty over its ability to overcome persistent losses and regulatory hurdles. For those evaluating Archer, it’s worth considering these varied opinions alongside current milestones and risks.

Explore 42 other fair value estimates on Archer Aviation - why the stock might be worth less than half the current price!

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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