This Aerospace Stock Is Cheap, But Does That Make It a Buy Today?

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Why Cheap Aerospace Stocks Don’t Always Mean Buy

Archer Aviation’s sharp fall reflects regulatory and production hurdles that keep this stock out of reach for most investors.

Archer Aviation’s shares have dropped more than 60% since 2025, now trading close to the levels seen during its SPAC merger in 2021. The company’s eVTOL aircraft—electric vertical takeoff and landing—do look exciting, targeting urban air mobility with its Midnight model and industrial use with Thunder. Still, the reality is that these flying taxi dreams aren’t flying off the shelves yet. Regulatory approval is a major unknown, production has not scaled, and the competition in this space shows no mercy. Given these risks, any gains seem a long way off. For South African investors, there’s no direct listed equivalent to ride this wave locally. Instead, the state of this kind of futuristic tech often nudges the USD/ZAR higher when risk appetite dips, as speculative plays out of reach push capital back into safer assets. Selling pressure on such stocks tends to drag the rand weaker. Investors should watch and wait until we see concrete commercial rollouts before jumping in. this is just our opinion and not financial advice