Archer Aviation Inc. is a year after producing its only planned product, a four-passenger electric air taxi, which the US regulator has not yet certified. It has not generated any revenue.
Still, the co-founders of this three-year company got a huge payday last month, a special share price of $ 99 million that can quadruple if Archer hits other milestones – thanks to a compensation package they negotiated before it was announced on 17 September.
Disclaimers for mcutimes.com
All the information on this website - https://mcutimes.com - is published in good faith and for general information purpose only. mcutimes.com does not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information you find on this website (mcutimes.com), is strictly at your own risk. mcutimes.com will not be liable for any losses and/or damages in connection with the use of our website.