Companies in the air taxi market, dominated by Archer Aviation, Joby Aviation, and the newly public Beta Technologies, are not shy about letting their investors know what they’re up to. Press releases about partnerships, new acquisitions, new markets, and certification updates hit our inboxes frequently. One might say very frequently, and we’re not the only ones who’ve noticed this: SMG Consulting made a “tongue-in-cheek infographic” mapping each company’s “flight hours flown per press release” ratio.
Both the S&P 500 and Russell 2000 set new all-time closing highs on Thursday. Technology was the worst-performing sector ETF, as Oracle’s underwhelming quarterly results kneecapped the AI trade, sending the Nasdaq 100 lower, as we’ll dive into below.
