Archer Drops as Much as 15 % on $850 Million Share Sale Following Trump Air Taxi Pilot Program
- Archer Aviation sold $850 million in shares to support new infrastructure and capabilities after Trump announced a pilot program for eVTOL vehicles.
- Following the share sale, Archer's stock dropped as much as 15%, despite the company's plans for a partnership during the 2028 Olympics.
- The company aims to utilize the funds for an AI-based aviation software platform along with supporting its Launch Edition program.
- Archer's CEO Adam Goldstein stated, 'We now have the strongest balance sheet in the sector and the resources we need to execute both here in the U.S. and abroad.
14 Articles
14 Articles
Archer Aviation raises $850 million after Trump signs executive orders backing air taxis - Tech Startups
Archer Aviation just locked in $850 million in new funding—an eye-popping amount that came shortly after former President Donald Trump signed off on executive orders aimed at accelerating the rollout of electric air taxis in the U.S. The funding follows […] The post Archer Aviation raises $850 million after Trump signs executive orders backing air taxis first appeared on Tech Startups.
Wall Street's Jason Mudrick says flying taxis have ‘sort of become real’ after Trump's EO
Jason Mudrick, the Wall Street investor known for jumping into bankrupt brick-and-mortar stocks during the meme-trade chaos, is now backing flying taxis. The billionaire hedge fund manager said that after Donald Trump signed a new executive order supporting US aerospace, the idea of flying aircraft for cities suddenly “sort of became real.” Jason is now the top shareholder of Vertical Aerospace, a struggling British company that wants to launch …
Coverage Details
Bias Distribution
- 60% of the sources lean Left
To view factuality data please Upgrade to Premium