Will Buying Archer Aviation Stock Below $10 Make Investors Rich?

The 20th century promised we would have flying taxis in the 21st century. Are we finally going to meet these projections? Enthusiasts for electric vertical takeoff and landing (eVTOL) air taxis believe this is the case.Companies like Archer Aviation (NYSE: ACHR) are building piloted four-seater aircraft that can fly people above traffic in major cities, with approval imminent from the Federal Aviation Administration (FAA). You won't be flying your own air taxi like the Jetsons anytime soon, but these electric aircraft are another step toward solving traffic issues in cities across the country.In the long term, Archer Aviation hopes to bring the technology mainstream. At a share price of $8.52 as of this writing on Sept. 2, will the stock make investors rich?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool