NYSE:ACHRAerospace & Defense
Archer Starlink Deal Highlights Connectivity Edge And Potential Valuation Upside
Archer Aviation (NYSE:ACHR) has partnered with Starlink to equip its Midnight electric air taxis with high speed satellite internet.
The agreement introduces low Earth orbit satellite connectivity to Archer’s fleet, targeting both passenger wifi and operational communications.
This marks Starlink’s first move into the emerging urban air mobility sector, with Archer as its initial partner.
Archer Aviation’s shares most recently closed at $7.115, with the stock showing a 2.7% gain over the...