Why Archer Aviation Stock Popped 18.6% Last Month

Archer Aviation stock rose 18.6% in May following an earnings update showing progress toward FAA certification and commercial operations. The eVTOL aircraft maker completed phase 3 certification and plans U.S. operations this year, with plans to showcase technology at the 2028 Los Angeles Olympics. However, the pre-revenue company burned $615 million in free cash flow over the last twelve months and remains down 20% year-to-date, making it a high-risk investment dependent on future revenue generation.