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Paris Air Show 2025 - Archer Midnight EVTOL
Archer’s Midnight aircraft (Nicolas Economou/Getty Images)

Archer adds Miami to its list of planned US air taxi network hubs

Archer has previously announced its plans for US air taxi networks in Los Angeles and New York City.

Electric aircraft maker Archer Aviation on Wednesday announced Miami as the location of its third planned US air taxi network, joining already-announced future networks in New York City and Los Angeles.

Archer said the goal of the network is to connect population and business centers across the region, including Miami, Fort Lauderdale, Boca Raton, and West Palm Beach, through 10-20 minute flights on its eVTOL vehicles. According to Archer, it will also offer transportation options between the three major airports in the region (MIA, FLL, and PBI).

Archer Aviation Miami map
Archer Aviation plans to launch a Miami air taxi network. (Archer Aviation)

Existing heliports at Hard Rock Stadium, home of the Miami Dolphins, and the Apogee golf club will be “readied for electric operations” to enable air taxis, and vertiports will also be developed in partnership with at least two developers in other areas in the region.

Before any of this can occur, Archer will need to receive FAA certification for its four-passenger Midnight aircraft. The company’s certification in the UAE was recently delayed out of this year, potentially pushing back its US timeline as well.

In the meantime, Archer is bolstering its path to revenue and scooping up real estate. Last month it signed a deal to supply Anduril with its electric flight tech and announced it would purchase Los Angeles’ Hawthorne Airport for $126 million.

In an interview with Sherwood News a few months ago, Archer CEO Adam Goldstein said he expects the company’s defense business to be larger than its commercial air taxi business for at least a decade.

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Lucid climbs after Uber revealed to be its second-largest shareholder following recent investment

Shares of luxury EV maker Lucid are up more than 7% in premarket trading on Tuesday, following the release of a regulatory filing that revealed Uber is now its second-largest shareholder, trailing only Saudi Arabia’s PIF sovereign wealth fund.

The news follows an announcement earlier this month that Uber and Lucid would expand their robotaxi partnership from 20,000 planned vehicles to 35,000. Along with the expansion, Uber also said it would invest an additional $200 million into the EV maker.

Per Monday afternoon’s filing, it seems that investment pushed Uber’s ownership stake in Lucid to 11.52%.

Lucid’s stock is down 29% in April. It hit an all-time low of $6.75 on Monday ahead of the regulatory filing becoming public.

In a mark of just how painful the slide has been for Lucid shareholders, as of Monday, the company’s market cap had dropped to a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

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Justice Department accuses telehealth Zealthy of fraud, says remedy may bankrupt it

The feds say they don’t think Zealthy has the liquidity to pay what it owes customers.

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