Archer Aviation Inc.

Texans are already contending with buzzing delivery drones, and soon they'll share the sky with another new fixture: electric air taxis.

Archer Aviation (ACHR) shares slipped about 2% in Friday morning trading despite the company outlining plans for electric air taxi networks across Austin, Dalla

Flying cars and air taxis face a few big roadblocks to becoming a successful, scalable business.

The air taxi networks will be in Austin, Houston and the Dallas-Fort Worth area, with the goal of increasing connectivity between major airports, business hubs and tourist destinations.

AUSTIN, Texas--(BUSINESS WIRE)--Archer Aviation (NYSE: ACHR) today revealed plans for three air taxi networks serving Austin, Dallas–Fort Worth and Houston with the goal of increasing connectivity between major airports, business districts, and coastal destinations in the fastest growing megaregion in the United States. The Texas Triangle is home to more than 20 million people and several of the fastest-growing metropolitan areas in the country. Commuters in Houston, Dallas–Fort Worth and Austi.

Archer's stock was cut in half over the past five years. But an FAA certification would clear the way for its future growth.

Archer Aviation is building air taxis to sell and operate, but it's also becoming much bigger than an eVTOL company. Over time, Archer's many businesses could combine to create a strong next-generation aviation company.

Redwire and SoundHound AI have the most realistic paths to doubling by 2028. IonQ and D-Wave Quantum look like the most speculative bets here because quantum computing may take years to reach commercial viability.