Archer vs. Joby: How ACHR and JOBY Have Traded Over Three Years
As seen on the 24/7 Wall St. homepage on July 20, 2026.
Three years into the air-taxi race, Archer is up 11.6% while Joby investors have given back 14.2% of their stake, a $2,579 gap on a $10K starting bet.
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Archer Aviation (ACHR) and Joby Aviation (JOBY) both entered the public markets as bets on the same futuristic idea — electric vertical take-off and landing aircraft that could reshape urban transit. Over the three years since July 2023, the two stocks have told very different stories. Archer has delivered a total return of 11.6%, turning a $10,000 starting position into $11,155, while Joby has gone the other direction, shedding 14.2% to leave that same $10,000 worth just $8,576.
The spread between the two outcomes amounts to $2,579 on a $10,000 starting bet — a meaningful gap for what many investors treat as interchangeable plays on the air-taxi theme. Neither stock has moved in a straight line: the chart data shows both names swinging sharply in both directions across the period, with Archer at one point reaching values well above its current level before pulling back, and Joby staging a notable rally of its own before retreating below its starting price.
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For investors watching the eVTOL space, the divergence is a reminder that even within a narrow industry, stock selection matters. The gap between a 1.12x multiple for Archer and a 0.86x multiple for Joby reflects three years of distinct operational news, investor sentiment shifts, and the broader market's evolving appetite for pre-revenue aerospace ventures.