Archer Aviation Slips to 268th in Trading Volume Despite Air Taxi Milestones

On June 12, 2025, Archer Aviation (ACHR) experienced a significant decline in trading volume, with a total of 321 million shares traded, marking a 49.99% decrease from the previous day. This placed Archer at the 268th position in terms of trading volume among all stocks for the day. The stock price of Archer Aviation also decreased by 3.62%.

Archer Aviation has made significant strides in its air taxi development, beginning piloted test flights of its Midnight air taxi. This milestone follows over 400 autonomous flights conducted in 2024. The electrically powered vertical takeoff and landing aircraft reached an altitude of over 1,500 feet above ground level at speeds up to 125 mph during these tests. Archer's Chief Test Pilot, Jeff Greenwood, who has a background in the U.S. Marine Corps and Bell Textron, successfully piloted the aircraft over Salinas, California.

Archer's progress is part of a broader strategy to launch a network of air taxis in Southern California by 2026, coinciding with the FIFA World Cup in Los Angeles. The company also has plans for air taxi services in the San Francisco Bay Area and the New York City region. To achieve these goals, Archer will need to secure FAA certification for various aspects of air taxi operations, including the aircraft, pilots, and maintenance personnel. The initial piloted flight utilized a conventional runway takeoff and landing procedure to test the landing gear and related components, highlighting the aircraft's operational flexibility and safety features.

Archer's selection as the official air taxi provider for the LA28 Olympic and Paralympic Games further solidifies its position in the market. This partnership underscores the growing acceptance and integration of eVTOL technology in major sporting events, positioning Archer as a leader in this emerging sector. The company's strategic moves and technological advancements are likely to influence its stock performance as it continues to navigate the regulatory landscape and expand its service offerings.