What Happened
Electric VTOL Developer Expands Operations, Partners With Formula 1
Archer Aviation has shared its Q3 2026 results, highlighting significant milestones including the receipt of the Midnight’s Market Survey Certificate from the FAA, which will enable operations in Los Angeles. The company is also nearing the close of its acquisition of Boeing’s Wisk, Insitu, and SkyGrid businesses, aiming to accelerate its evolution into a diversified aerospace and defense platform. Additionally, Archer has begun testing a turboshaft engine for its Halo/Thunder hybrid VTOL platform and announced a partnership with Formula 1 to explore eVTOL air taxi services integration at Grand Prix events. The company reported strong financial performance for the quarter, with $5.1 million in revenue and $1.4 billion in cash, cash equivalents, and short-term investments. This update was shared by Archer Aviation on Instagram.