Archer Aviation Inc. (NYSE:ACHR) announced on Friday that it has partnered with Elon Musk’s Starlink to deliver high-speed satellite connectivity to its Midnight electric air taxi, marking Starlink’s first move into urban air mobility.
Starlink Onboard Midnight Air Taxis
Under the deal, Archer will install Starlink’s low-Earth-orbit (LEO) satellite system into Midnight — engineered to deliver consistent, high-speed coverage at low altitudes and in dense urban environments where traditional connectivity solutions fall short.
Beyond passenger internet access, the integration will strengthen pilot-to-ground communications and lay the groundwork for Archer’s future autonomous aircraft development — a move that could reshape the urban air mobility sector entirely.
Midnight is Archer’s electric air taxi, seating four passengers, featuring 12 redundant engines for airliner-level safety, with city crossings targeted in just 5-15 minutes.
Adam Goldstein, founder and CEO of Archer, commented, “Connectivity is a must have feature for Midnight. Starlink is uniquely built to deliver it. This industry-first collaboration will enable seamless, high-speed connectivity and essential amenities for our passengers and pilots.”
Stock Performance
Over the past year, Archer Aviation has seen its stock price decline by 6.82%. Currently, the stock is trading at $7.17, which is 1.4% above its 20-day SMA but significantly below its longer-term averages: 8.2% below the 50-day SMA and 24.4% below the 200-day SMA. This positioning suggests a bearish trend over the medium to long term, despite recent gains above the shortest of these averages.
The technical indicators present a mixed outlook. The RSI stands at 49.85, indicating a neutral market momentum, neither overbought nor oversold. However, the MACD presents a more optimistic view, signaling bullish momentum as it is currently above the signal line, suggesting near-term upward price momentum.
Upcoming Earnings
Archer Aviation is set to report earnings on March 2, 2026. With the earnings date rapidly approaching, here is what investors and analysts are anticipating:
- EPS Estimate: Loss of 20 cents (Up from a loss of 45 cents YoY)
- Revenue Estimate: 67 cents million (Up from 0 cents million YoY)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $11.09. Recent analyst moves include:
- Needham: Buy (Maintains Target to $10.00) (Jan. 14)
- Goldman Sachs: Initiated with Neutral (Target $11.00) (Dec. 1, 2025)
- Canaccord Genuity: Buy (Raises Target to $13.00) (Nov. 21, 2025)
Benzinga Edge Scorecard
Below is the Benzinga Edge scorecard for Archer Aviation, highlighting its strengths and weaknesses compared to the broader market:
- Momentum Rank: 14.32 — This score indicates weak performance, suggesting that the stock is underperforming the broader market significantly.
The Verdict: Archer Aviation’s Benzinga Edge signals a challenging market position, with a low Momentum score of 14.32 — making strategic moves like the Starlink partnership critical to reinvigorating investor interest.
ACHR’s Impact on Key ETFs
- SPDR S&P Aerospace & Defense ETF (NYSE:XAR): 3.81% Weight
- ARK Autonomous Technology & Robotics ETF (BATS:ARKQ): 3.59% Weight
- ARK Space & Defense Innovation ETF (NASDAQ:ARKX): 4.52% Weight
Significance: Because ACHR carries significant weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.
ACHR Price Action: Archer Aviation shares were down 4.52% at $7.04 at the time of publication on Friday, according to Benzinga Pro data.
Photo via Shutterstock
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