ACHR Stock Skyrockets as Boeing Takes 20% Stake in Archer Aviation

Archer Aviation shares surged Monday after Boeing announced a deal that will expand Boeing’s stake in the electric eVTOL startup to 19.75%. Archer will acquire three Boeing subsidiaries in an all-stock transaction: Wisk Aero, Insitu, and SkyGrid. The move could reshape Archer’s competitive position by bringing Wisk Aero’s autonomous eVTOL operations in-house, while also adding defense-related capabilities through Insitu and airspace management software via SkyGrid. Despite the jump, ACHR had given back about half of its intraday gains, though it remains up roughly 38% versus its year-to-date low.