Joby and Archer Each Burn Roughly $200 Million a Quarter. Here's Which One Runs Out of Cash First
Joby Aviation (NYSE: JOBY) and Archer Aviation (NYSE: ACHR) are looking to upend the aviation industry. That's a tall task, given the sector's highly regulated and capital-intensive nature. But they are making material strides toward that goal, as they each advance their electric vertical takeoff and landing (eVTOL) technology. From a business perspective, things are going well. But what about from a finance perspective? Neither one generates material revenue, so both are burning through cash at a rapid rate as they build their aerospace businesses . It looks like Joby may have more room to run, at least for now. Image source: Getty Images. Continue reading