Archer drops as much as 15% on $850 million share sale following Trump air taxi pilot program
1. Archer Aviation's stock dropped 15% after $850 million shares sale. 2. Funds will support infrastructure and AI aviation software platform rollout. 3. Partnership aims to provide air taxi services for the 2028 Olympics. 4. Archer claims a strong liquidity position of around $2 billion. 5. The demand for eVTOL technology is increasing despite regulatory challenges.