Archer drops as much as 15% on $850 million share sale following Trump air taxi pilot program

cnbc.com/2025/06/13/archer-aviation-drops-15percent-on-850-million-share-sale-.html

Archer Aviation's stock dropped as much as 15% on Friday after the air taxi maker said it sold $850 million worth of shares.
The electric vertical takeoff and landing vehicle, or eVTOL, company said Thursday it plans to use the financing to support new infrastructure and the rollout of an…

This story appeared on cnbc.com, 2025-06-13 15:08:08.
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