Archer is an electric aviation startup working to make an electric vertical takeoff and landing (eVTOL) aircraft. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months weeks of IBD Digital for only $20! The information and content are subject to change without notice. The Pandemic Proved Their Worth — What's Next For Moderna, BioNTech? Archer estimates its target market opportunity at more than $1 trillion. https://t.co/HqlpdfDhGt. Mar 10th, 2021. The startup is led by its founders, Brett Adcock and Adam Goldstein, who serve as co-CEOs. People may receive compensation for some links to products and services on this website. Get market updates, educational videos, webinars, and stock analysis. ... Archer Aviation. Kunxiang had never been a shareholder of EHang prior to its IPO. Offers may be subject to change without notice. What Are the Best Green Hydrogen Stocks Right Now? Learn how 2 of IBD’s experts manage a portfolio of high-powered growth stocks. The stock market rally keeps expanding, though the Nasdaq still needs work. United aims ⦠The Atlas Crest ACICâArcher merger date Atlas Crest and Archer ⦠The startup also recently announced a deal to go public via a merger with a blank-check company. ... Archer Aviation. Archer, a startup is based in Palo Alto, Calif., makes electric aircraft. ACIC stock closed at $13.68 on Feb. 10. The company is based in Palo Alto and launched in May 2020. Inspired By Marlo Thomas, This IBD 50 Retailer May Furnish New Breakout With Earnings Due. 2021. In fact, Archer Aviation Inc. recently announced it was going public with a SPAC called Atlas Crest investment Corp.,â Robin Lineberger, global aerospace and defense leader, Deloitte Consulting LLP told Avionics. Electric aircraft startup Archer Aviation Inc. plans to go public by merging with a special purpose acquisition company, or SPAC, in a deal that will give the company a multibillion dollar valuation, according to people familiar with the matter.. Electric aircraft startup Archer Aviation Inc. is going public by merging with a special purpose acquisition company, or SPAC, called Atlas Crest Investment Corp. (NYSE: ACIC), the startup said in a statement. Archer is an electric aviation startup working to make an electric vertical takeoff and landing (eVTOL) aircraft. You’ll learn about options, charts and more. All Rights Reserved. Electric aircraft startup Archer Aviation plans to go public by merging with a SPAC in a deal that will give the company a multibillion dollar valuation, IPO Edge reports. The company is based in Palo Alto and launched in May 2020. The reverse-IPO deal will grant Archer approximately $500 million in cash held in trust along with a fully committed $600 million private investment in public equity, or PIPE. Joby Aviation, the company that bought Uber’s air taxi business, is valued at $2.6 billion–$5 billion. Atlas Crest, a blank-check company, is led by investment banker Ken Moelis as chairman and former Accenture executive Michael Spellacy as chief executive. Archer's eVTOL aircraft. Uber fell 3.7% and Textron rose 2.5%. Electric aircraft startup Archer Aviation Inc. plans to go public by merging with a special purpose acquisition company, or SPAC, in a deal that will give the company a multibillion dollar valuation, according to people familiar with the matter.. Mesa Air Group (MESA) says it has reached an agreement in principle with air mobility company Archer Aviation and United Airlines as part of the airlines' effort to decarbonize air travel. BREAKING: Futures Rise, Bitcoin At $60,000. Two weeks ago, Archer secured an investment from United Airlines (UAL) after announcing plans to go public via a blank-check merger with Atlas Crest Investment (ACIC). © 2000-2021 Investor's Business Daily, Inc. All rights reserved. Mesa Air Group (MESA) says it has reached an agreement in principle with air mobility company Archer Aviation and United Airlines as part of the airlines' effort to decarbonize air travel. Should You Buy SVOK Stock Based on the Boxed Merger Rumors? Archer Aviation, the electric aircraft startup targeting the urban air mobility market, has landed United Airlines as a customer and an investor in its bid to become a ⦠The announcement of urban air taxis comes after when the company also announced United Airlines [â¦] Unmanned. [ March 12, 2021 ] Coursera IPO: Education Platform Stock Brings Opportunity in MOOCs Trading Ideas [ March 12, 2021 ] Chinaâs Regulators Punished Tech Giants and Rattled Investors. MILANO (Finanza.com) Archer plans to unveil its full scale eVTOL aircraft in 2021, begin aircraft production in 2023, and launch consumer flights in 2024. Does A Slower Cash Burn Make United Airlines Stock A Buy Right Now? By John Jannarone and Jarrett Banks. So far the market reaction to the Archer Aviation SPAC has been positive, as the stock of Atlas Crest Investment Corp has surged over 30% since its IPO. In addition to becoming a publicly traded company in the transaction, Archer is set to receive a massive capital boost. SPAC Isn't A Four-Letter Word With Investors Anymore, Catch The Next Big Winning Stock With MarketSmith, Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks. Meanwhile, Intel (INTC) is backing air taxi company Volocopter, which applied for certification from U.S. and European aviation regulators last month. 2021 Predictions: The Election is over. New Vista Acquisition plans on investing in Fourth Aviation Revolution companies. The company is teaming with Archer Aviation, an air mobility company that makes electric vertical takeoff and landing or eVTOL aircraft, to accelerate production of ⦠In fact, Archer Aviation Inc. recently announced it was going public with a SPAC called Atlas Crest investment Corp.,” Robin Lineberger, global aerospace and defense leader, Deloitte Consulting LLP told Avionics. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Archer is building an air taxi that can travel 150 miles per hour and cover up to 60 miles. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Why Investors Like Blue-Chip Stocks and Which to Buy, Investors Are Eager To Get a Piece of Coupang, ‘The Next Amazon,’ at Its IPO, make all federal government vehicles electric. Kunxiang has never purchased any shares from EHang after its IPO. The company is teaming with Archer Aviation, an air mobility company that makes electric vertical takeoff and landing or eVTOL aircraft, to accelerate production of … Vaccines are Here. There is another thing about Netflix to remember. Get top-quality trade ideas at the push of a button with the IBD Stock Screener. It describes itself as an urban air mobility company. Try it today! The combined company will operate under the Archer name. The Atlas Crest ACIC–Archer merger date Atlas Crest and Archer … Reinvent Technology Partners (RTP), a special purpose acquisition company (SPAC), said Wednesday it will take Joby public through a merger that will give the combined company a $6.6 billion valuation. It raised $500 million in its SPAC IPO in Oct. 2020 after offering 50 million shares at $10 apiece. Governments and businesses around the world want to reduce carbon emissions to protect the environment. The transaction announcement will likely include PIPE financing of at least $500 million⦠Instead of selling stock, the private enterprise mergers with a shell company that's already public and have become popular in recent years with Virgin Galactic (SPCE) and electric truck maker Nikola (NKLA) taking the same route. Reinvent Technology Partners shares jumped 4% to 13.46 on the stock market today. The greatest test for any SPAC is finding the right target company. Unmanned. We're excited to work alongside our amazing partners, $ACIC, @united, @Stellantis and more, to bring urban air mobility to the masses. Check out StockPix, IBD’s hub for infographics! The plane can carry up to four passengers for up to 60 miles with speeds up to 150 miles per hour. Seeing how ACIC stock popped on the Archer merger news, it’s pretty clear its investors are happy with it, and more will rush to get a piece of it. The company will be listed on the New York Stock Exchange. United plans to use the Archer air taxis to get passengers to and from airports in bustling cities. Therefore, investors happy with the deal may be better off getting in now. Atlas Crest didn’t identify a target industry when it launched. The announcement could come as early as next week, sources reportedly told IPO Edge. By John Jannarone and Jarrett Banks. Investors also shouldn’t forget how Archer’s business aligns well with global trends. The announcement comes two weeks after Palo Alto-based Archer Aviation Inc. said it plans to go public in a merger with New York-based Atlas ⦠Authors may own the stocks they discuss. SPACs offer a way for private companies to go public without an IPO. If investors don’t like a deal their SPAC has struck, they can pull out their money and prompt the collapse of the blank-check company. Rendering of Archer's upcoming all-electric eVTOL aircraft, to be unveiled in 2021. Stock Market Ends Week With Bullish Session; Boeing Leads Dow Jones As Former Leaders Struggle, Economic Recovery Stocks Continue To Lead In Divided Market, Trip.com, Fluor, Boeing Surge, Stock Market Resumes Uptrend As Dow, S&P 500 Hit Highs; Disney, Boeing, Tesla, Roblox, Coupang In Focus, Boeing Stock Jumps As Another 737 Max Order Confirmed, Virgin Galactic's Sister Company Is Shopping For A SPAC Deal: Report, Dow Jones Hits Record High; Many Tech Stocks Weaken As Yields Rise On Inflation Fears, Nasdaq Slips As Biden Stimulus Raises These Fears; Dow Rallies; Warren Buffett Stock Crumbles. Mar 10th, 2021. Once the merger closes, ACIC stock will take on a new ticker symbol, “ACHR,” but will maintain its listing on the NYSE. Stellantis sale sui taxi elettrici volanti, investirà in Archer Aviation (pronta all'IPO) Titta Ferraro 11 febbraio 2021 - 14:15. Instead, it talked about leveraging its management’s experience to target suitable businesses. Joby Aviation, the company that bought Uber’s air taxi business, is valued at $2.6 billion–$5 billion. 1:35 PM ET Archer is set to join Hyundai Motors and Airbus on the list of publicly traded companies working on air taxis. Archer Aviation gets a $1 billion order from United Airlines, on the same day it announces a deal to go public Last Updated: Feb. 10, 2021 … The stock market rally keeps expanding, though the Nasdaq still... A syringe of the Moderna Covid-19 vaccine is shown March 4 at a drive-up mass vaccination site in Puyallup, Wash. (AP). Electric aircraft startup Archer Aviation Inc. is going public by merging with a special purpose acquisition company, or SPAC, called Atlas Crest Investment Corp. (NYSE: ACIC), the startup said in a statement. It plans to use Archer's air taxis to transport people from cities to airports. © Copyright 2021 Market Realist. ... (IPO) for the purpose of acquiring an existing operating company. Atlas Crest and Archer are working toward sealing their deal by the end of Jun. Earlier, Joby bought Uber's (UBER) air taxi business, which includes partners like Textron's (TXT) Bell, Brazil's Embraer (ERJ) and Boeing's (BA) Aurora Flight Sciences. Its customers include United Airlines (UAL), which has placed an order of $1 billion for Archer’s electric aircraft and may offer $500 million more if it likes the product. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Hyundai's valuation is $54 billion, while Airbus's is more than $70 billion. ACIC stock is still cheap, at just $3 above its IPO price. Palo Alto-based Archer Aviation Inc. said it plans to go public in a merger with New York-based Atlas Crest Investment Corp., a special purpose ⦠Today is a monumental day for Archer - we announced our deal to go public and a $1 billion order from United Airlines. Top 10 Daily SPAC Gainers for Feb 10$CMLF +42.4%$ACIC +21.7%$RACA +20.3%$HSAQ +9.8%$SSPK +9.4%$FSRV +9.2%$FRX +8.5%$PDAC +6.5%$AJAX +6.1%$EXPC +5.6% pic.twitter.com/iDcaEPGQcT. Market Realist is a registered trademark. For example, in the U.S., the Biden administration plans to make all federal government vehicles electric. Archer is set to debut its eVTOL (vertical take-off and landing) aircraft later this year. The reverse-IPO deal will grant Archer approximately $500 million in cash held in trust along with a fully committed $600 million private investment in public equity, or PIPE. Joby Aviation is the latest air taxi startup to go public through a blank-check merger, after Archer reached a similar deal earlier this month. Atlas Crest Investment SPAC (ACIC) is taking electric aircraft startup Archer public. By the time the transaction closes, ACIC stock could be trading higher. ... (IPO) for the purpose of acquiring an existing operating company. What Could Go Wrong? Realtime quote and/or trade prices are not sourced from all markets. Kunxiang had never been a shareholder of EHang prior to its IPO. Volkswagen... 1:35 PM ET *Real-time prices by Nasdaq Last Sale. Kirsten Bartok of Airfinance priced a $240m SPAC IPO this week with Ex-Boeing CEO Dennis Muilenburg. Kunxiang has never purchased any shares from EHang after its IPO. By John Jannarone and Jarrett Banks. By John Jannarone and Jarrett Banks. ... Archer Aviation gets a $1 billion order from United Airlines, on the same day it announces a deal to go public. United invested $20 million and said it could buy as many as 200 of Archer's aircraft, which would be worth more than $1 billion. Joby Aviation is the latest air taxi startup to go public through a blank-check merger, after Archer reached a similar deal earlier this month. Follow Gillian Rich on Twitter @IBD_GRich for aviation news and more. What Could Come Next. Joby will receive $1.6 billion in cash proceeds from the merger and expects to use the proceeds to fund itself through the certification and manufacturing development stages until it launches commercial service in 2024. Register today! IBD Live: A New Tool For Daily Stock Market Analysis. While roads might be congested with cars now, the investment space is crowded with air taxi companies. We are only in the second month of 2021, and have already seen nearly 60% of the total number of IPOs in 2020. Bitcoin topped $61,000 before pulling back slightly. When is the merger date, and should you buy ACIC stock before then? After the deal's announcement, ACIC stock rose more than 22 percent on Feb. 10. Reading Time: < 1 minute The electric aircraft startup, Archer Aviation plans to launch a network of its urban air taxis in Los Angeles by 2024, reported TechCrunch. Archer's Atlas Crest SPAC deal is backed by United and other long-term investors. The Atlas Crest ACIC–Archer deal values the combined company at $3.8 billion. Joby Aviation, the company that bought Uberâs air taxi business, is valued at $2.6 billionâ$5 billion.
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