Positive.

From Yahoo Finance: 2025-06-23 16:25:00

Archer Aviation, a California-based developer, is working on the Midnight eVTOL air taxi, with a $6 billion order backlog and plans for commercial flights in the UAE this year. In Q1, the company beat expectations and raised significant cash through share issuance.

Stellantis has been investing in Archer since 2023, holding 64.5 million shares worth $458.6 million. CEO Adam Goldstein owns 39.36 million shares valued at $279.84 million. BlackRock holds 36.6 million shares, and Ark Investment Management has 25.5 million shares in active trading positions.

State Street Corp holds 21.3 million shares of ACHR, valued at $151.53 million. The indirect holdings are part of various index products, including the SPDR family of ETFs. With ACHR in the S&P Aerospace & Defense SPDR, State Street’s shares should rise with bullish price action.

Read more: 5 Big Investors Betting on Archer Aviation Stock After Q1