Archer Aviation Secures Starlink Connectivity for Midnight Air Taxi, Eyes Q4 EPS Improvement
Archer Aviation will integrate Starlink’s low-Earth-orbit satellite system into its four-seat Midnight electric air taxi to provide high-speed in-flight connectivity, bolster pilot communications and accelerate autonomous flight development. Analysts forecast a Q4 EPS loss of $0.20, an improvement from a $0.45 loss year-over-year.
1. Starlink Integration for Midnight eVTOL
Archer Aviation will integrate Starlink’s low-Earth-orbit satellite system into its four-seat Midnight electric air taxi to deliver high-speed internet in dense urban corridors, enhance pilot-to-ground communications and support the evolution of autonomous flight capabilities.
2. Q4 Earnings Outlook
Earnings for the quarter ending March are scheduled after the closing bell, with analysts projecting an EPS loss of $0.20 compared to a $0.45 loss in the same period last year, reflecting narrowing operating losses as production scales.
3. Stock Performance and Analyst Targets
At Monday’s close, shares rose 4.2% to $7.42, trading 1.4% above the 20-day SMA but 8.2% below the 50-day SMA and 24.4% below the 200-day SMA; the stock is down 6.8% over 12 months. The consensus rating is Buy with an average price target of $11.09, backed by recent upgrades and target raises from Needham, Goldman Sachs and Canaccord Genuity.
4. Geopolitical Risks
Regional tensions escalated after U.S. and allied strikes on Iranian sites, a halt in LNG output by Qatar Energy and closure of the Strait of Hormuz, raising investor concerns over broader market volatility that could affect capital availability for emerging aerospace firms.