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Better Buy: Archer Aviation vs. Rocket Lab USA

TheMotleyFool

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Better Buy: Archer Aviation vs. Rocket Lab USA: https://g.foolcdn.com/editorial/images/792015/2023-0510-archer-midnight-hero-side-16x9.jpg

Archer Aviation (NYSE: ACHR) and Rocket Lab USA (NASDAQ: RKLB) are both tiny aerospace companies that went public by merging with special purpose acquisition companies (SPACs) in 2021. Both stocks initially soared, but they crashed after the companies missed their pre-merger estimates and racked up steep losses.

Archer Aviation and Rocket Lab USA now trade roughly 80% and 60%, respectively, below their record highs. Could either of these unloved stocks take off again?

Image source: Archer Aviation.

Source Fool.com