Which of these electric aircraft makers is a better value right now?

Archer Aviation ( ACHR 1.31% ) and Joby Aviation ( JOBY -0.04% ) are both early movers in the nascent electric vertical takeoff and landing (eVTOL) aircraft market. Both companies went public by merging with special purpose acquisition companies (SPAC), set some bold growth forecasts, but missed those estimates by a mile.

Archer, which initially aimed to generate $42 million in revenue in 2024, hasn't generated any revenue yet. Joby, which claimed it could generate $131 million in revenue in 2024, generated a mere $136,000 in revenue from its U.S. Air Force (USAF) contract for the full year.

That's why it might seem absurd that Archer and Joby still have market caps of $6.2 billion and $12.8 billio

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