Archer Aviation nears commercialization with FAA certification and strong cash, despite legal risks.

Archer Aviation has been reaffirmed as a buy as it approaches commercialization, marked by achieving a key FAA certification milestone. This positions the company as a first mover with planned flights in the U.S. and UAE within the year. Archer's strong cash reserves support near-term operations, but investors should watch for risks from recent heavy dilution and ongoing legal challenges. Growth prospects are bolstered by international expansion, defense partnerships, and a collaboration with Starlink, though competition and legal uncertainties remain.