Archer Aviation (ACHR) Raises $650M, Moves to Buy Hawthorne Airport for $126M; Shares Slip After Q3 Update — Nov. 7, 2025
Archer Aviation Inc. (NYSE: ACHR) unveiled a multi‑pronged update tied to its third‑quarter results: a $650 million equity raise, a deal to acquire control of Los Angeles’ Hawthorne Airport for $126 million, fresh flight‑test milestones for its Midnight eVTOL, and the closing of its Lilium patent portfolio purchase. The stock traded around $8.88 mid‑day as investors digested the capital raise and airport plan. Archer Aviation+1 What happened today Why Hawthorne matters HHR’s location—near LAX, SoFi Stadium, the Intuit Dome, The Forum, and Downtown LA—makes it a strategic hub for short‑hop urban missions Archer is targeting ahead of the LA28 Olympic