The Latest Breaking News from Adam Goldstein

Archer’s Korea deal boosts global ambitions, but sky-high valuation keeps investors grounded.

The electric vertical take-off and landing (eVTOL) sector could be worth trillions of dollars, and, perhaps more importantly, could save consumers time, according to Adam Goldstein, CEO of Archer Aviation (NYSE:ACHR).

Archer Aviation, backed by Stellantis and Boeing, aims to begin trials of its electric air taxi in India next year, ahead of a planned commercial launch in 2026, the company’s chief executive told Reuters.

Since 2013, more than 1 million charities received donations from AmazonSmile, which sent a small portion of a customer's purchase on Amazon to a nonprofit of their choice

Archer Aviation Inc (NYSE:ACHR) reported a first-quarter net loss of $(59.2) million, wider than the $(43.3) million loss in 4Q21 and narrower than the $(94.9) million loss in 1Q21. Adjusted EBITDA loss expanded to $(39.1) million from $(15.6) million a year ago. Total operating expenses were $65.3 million for the quarter, a…