Archer Aviation Surges on Boeing-Backed Self-Funding Pivot
Archer Aviation stock jumped about 11% after its Q2 earnings call revealed Boeing’s all‑stock deal to buy Wisk Aero, Insitu and SkyGrid would give Archer a 16% Boeing stake and, via Insitu, more than $200 million per year in revenue that could fund Archer's operations, reducing cash burn and dilution; Archer posted Q2 revenue of $5 million (up 213% QoQ) and a loss in line with estimates, with about $1.6 billion in liquidity, positioning it to close the deal by year-end and advance certification and Halo‑Thunder development, while peers Joby and EHang lagged; a $10.50 target implies meaningful upside if the Boeing deal delivers.
