Reverse Stock-Split Watch: Archer Aviation at $4 and Joby Aviation at $5. Here's Which One Gets There First -- and What History Says Happens After.
Archer Aviation and Joby Aviation face significant financial challenges as their stock prices have declined sharply in 2026 (down 48.5% and 59.6% respectively). While neither company currently faces immediate reverse stock split requirements, both continue heavy spending on aircraft development and may need additional capital. Historical data shows stocks underperform after reverse splits, with the more pressing concern being how much capital these companies need before generating meaningful revenue from their electric air-taxi services.