Archer Aviation (ACHR) Plunges as $650M Equity Raise Funds $126M Hawthorne Airport Deal; Cathie Wood Buys the Dip — What It Means for LA Air Taxis (Nov. 10, 2025)
Archer Aviation’s stock has been hammered over the past few sessions after the eVTOL maker paired a fresh $650 million equity raise with news it will acquire Hawthorne Municipal Airport (Jack Northrop Field) for $126 million in cash to anchor its Los Angeles air‑taxi network. In a high‑profile show of conviction, Cathie Wood’s ARK Invest bought roughly 3 million shares into the sell‑off. Here’s what changed, why shares fell, and what to watch next. GuruFocus+3Business Wire+3 What happened to ACHR stock By the numbers (Q3 2025): Operating expenses $174.8M; net loss $129.9M; Adjusted EBITDA −$116.1M; cash & short‑term investments $1.64B;