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 shares fell sharply after the company raised $650 million in new equity and announced a $126 million deal to acquire Hawthorne Municipal Airport for its Los Angeles air-taxi network. Investors cited dilution and cash burn as key concerns. Cathie Wood’s ARK Invest bought about 3 million shares during the sell-off. The stock dropped by double digits after the airport purchase was confirmed.