Meanwhile, even before the eVTOL has earned commercial certification, a company called Future Flight Global has signed a contract to purchase up to 116 Midnight aircraft. That $580 million deal brought Archer's prospective order book up to $6 billion.

The future of the transportation sector is taking flight, literally. Archer Aviation Inc. (NYSE: ACHR) is at the forefront of the rapidly evolving urban air mobility (UAM) market, designing and developing electric vertical takeoff and landing (eVTOL) aircraft.

Say you make a $10,000 investment in Archer. If you pay around $3.10 per share (near its recent prices), you would get 3,226 shares of Archer. For your position to reach a value of $1 million, the share price would have to go to $310 -- a 100-fold increase.