Cathie Wood buys $3.8 million worth of Archer Aviation

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The Street

By Ian Krietzberg Though they don’t quite have the look of flying cars, electric air taxis are on the brink of becoming a more regular sight. Archer Aviation (ACHR) – Get Free Report, which announced an adjusted EBITDA loss of around $76 million for the second quarter of the year, noted earlier in August that it had received an Airworthiness Certificate from the Federal Aviation Administration (FAA). The certificate means that Archer can begin test flights of its Midnight aircraft, something CEO Adam Goldstein said is a huge step forward on the path toward commercializing its air taxis by 2025…

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