Archer Announces $650 Million Equity Raise And Hawthorne Airport Acquisition
By Amit Chowdhry ● Nov 7, 2025
Archer Aviation announced its third-quarter results and the signing of definitive agreements to acquire control of Hawthorne Airport in Los Angeles for $126 million in cash. The airport occupies an 80-acre site and features approximately 190,000 square feet of terminal, office, and hangar space. It is located less than three miles from LAX and close to major destinations, including SoFi Stadium, The Forum, Intuit Dome, and Downtown Los Angeles. Archer intends for Hawthorne Airport to become the operational center of its planned Los Angeles air taxi network and to serve as a testbed for AI-powered aviation technologies it is developing with airline and technology partners.