Archer Aviation (ACHR) today, Nov. 8, 2025: Hawthorne Airport deal, $650M equity raise, Q3 results—and why the stock slid
Archer agreed to acquire control of Los Angeles’ Hawthorne Municipal Airport for $126 million in cash, aiming to make it an air-taxi hub and AI test site tied to the 2028 Olympics. The deal awaits city approval. Archer also launched a $650 million share offering to fund growth, including the airport purchase. ACHR shares dropped as much as 14% premarket Friday after the announcements.