Archer Aviation (NYSE: ACHR) has hit an important new stage in getting its Midnight electric air taxi ready for passengers. The company announced in early June that its innovative aircraft had started piloted flight tests. This is a big step forward, moving the Midnight from flying on its own (autonomously) to now having a human pilot in the cockpit.
These first piloted flights successfully showed off the aircraft's ability to take off and land like a traditional airplane, known as conventional take-off and landing (CTOL). Despite this new positive advancement, the stock market's reaction was muted.
