Why Archer Aviation Lagged the Market on Wednesday

Core Insights - Archer Aviation's stock performance was modest, gaining only 0.1% while the S&P 500 increased by 0.4% as investors evaluated the implications of its recent acquisition [1] Acquisition Details - Archer Aviation acquired a patent portfolio from Lilium for 18 million euros ($20.8 million) [2] - The acquisition includes approximately 300 next-generation patents related to aircraft technology, covering areas such as flight controls, aircraft design, and battery management [3] Financial Implications - Despite having over $1.7 billion in cash as of June, the $20 million expenditure is significant and raises concerns among investors about the optimal use of funds, especially given the company's ongoing substantial losses [4]