<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 正在推進 FAA 認證，目前處於第 4 階段，而 Archer 剛剛完成第 3 階段。儘管 Archer 擁有強勁的現金儲備，但由於重大虧損和現金消耗，其股票在一年內下跌超過 40%。兩家公司都計劃在 2026 年在美國推出，早期認證可能會提供競爭優勢</p>

Joby extends FAA lead as Archer faces valuation pressure

Joby Aviation

Joby 擴大了在 FAA 的領先優勢，而 Archer 則面臨估值壓力