Archer Aviation (ACHR) Raises $650M, Moves to Buy Hawthorne Airport for $126M; Shares Slip After Q3 Update — Nov. 7, 2025
Archer Aviation announced a $650 million equity raise and a $126 million deal to assume the master ground lease at Hawthorne Airport near LAX, aiming to anchor its Los Angeles air-taxi network. The company reported a Q3 net loss of $129.9 million and said its Midnight eVTOL completed a 55-mile piloted flight. Archer’s stock traded near $8.88 mid-day. The Hawthorne deal remains subject to city approval.