Gate closed - transition slips
Gate open - transition demonstrated
Gate closed.
FAA wants more evidence - 2026 launch timing and valuation slip.
Archer Midnight: how the piloted transition-flight gate launches 2026 revenue
hover - vertical lift
level - cruise
transition (pitch-over)
?
Transition flight
piloted - not yet flown
unproven as of Jun 2026
Phase 3 closed
MoC 100% accepted
gate
Type certification
opens
2026 flights
eIPP + UAE
Revenue scales
near-zero base
Milestone slips
FAA wants more
2026 launch timing
valuation slips
first-to-close Phase 3 / MoC first is company-stated
city flights not a transition proof