<div id="readability-page-1">Joby pulls ahead: Joby is deep into Stage 4 of FAA certification, while Archer has just completed Stage 3, despite being first in the U.S. to reach that milestone. Investor caution grows: Archer's shares have fallen over 40% in a year, with high quarterly losses and cash burn weighing on sentiment despite a strong cash position. 2026 launch race: Both firms plan U.S. launches in 2026 under a White House program, with early certification potentially offering a decisive market advantage.</div>

JOBY

JOBX

<p>Joby is advancing in FAA certification, now in Stage 4, while Archer has just completed Stage 3. Archer's stock has dropped over 40% in a year due to significant losses and cash burn, despite having a strong cash position. Both companies aim for U.S. launches in 2026, with early certification potentially providing a competitive edge.</p>

Joby Aviation

Joby extends FAA lead as Archer faces valuation pressure