Electric aircraft startup Archer Aviation Inc. is going public by merging with a special purpose acquisition company - SPAC - called Atlas Crest Investment Corp. (NYSE: ACIC), the startup said in a statement.

The $3.8 billion deal is expected to close in the second quarter of 2021, and will provide about $1.1 billion in gross proceeds to the combined company, it said.

Is this a place where you want to put your money.

Or are we at the top of an ulta frothy market and Archer is the next pets.com?

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