Core Insights - Archer Aviation's stock fell 12% following a share sale despite reporting a narrower-than-expected third-quarter loss [1] - The company reported a net loss of $129.9 million, which was better than the FactSet estimate of a $178.6 million loss [1] - Archer announced a $650 million stock offering for 81.25 million shares to finance its $126 million acquisition of Hawthorne Airport in Los Angeles, designated as a hub for air taxi operations [1] Company Summary - The stock offering will dilute the value for existing shareholders, with the weighted average of Archer shares outstanding increasing to approximately 660.9 million from 397.5 million a year ago [2] - Interest in electric aircraft manufacturers has surged recently as key players approach certification, highlighted by Beta Technologies going public on the NYSE [2]

New this morning, Joby Aviation is acquiring Blades passenger business. And joining us right now first on CNBC is Joby Aviation founder and CEO uh Joe Benit and Blade founder and CEO Rob Weisenthal. Good morning to both of you.This is this is a big deal. Uh we've known this guy for quite for quite some time with Blade helicopters to the Hamptons and all all sorts of things like that. And we've known you as somebody who's trying to revolutionize the world of Evatals.So this is uh the combination is something ...