Cathie Wood’s ARK Invest bought more than 1.68 million shares of Archer Aviation stock over two trading days through October 27, 2026, trade data showed.

Archer Aviation stock purchases

ARK bought 1,161,604 shares on October 26, valued at roughly $4.6 million to $4.8 million. It added another 524,515 shares on October 27, worth about $2.2 million based on Archer’s $4.23 closing price that day.

The October 27 purchases were split between two funds: the ARK Autonomous Technology & Robotics ETF bought 351,511 shares, while the ARK Space & Defense Innovation ETF bought 173,004.

The trades were part of a broader portfolio rebalancing that also included purchases of Joby Aviation and reductions in holdings of AMD and Taiwan Semiconductor.

Archer’s air taxi plans

Archer develops electric vertical takeoff and landing aircraft for use as air taxis. In its second quarter of 2026, the company reported $5 million in revenue and about $1.56 billion in cash, cash equivalents and short-term investments.

The company’s planned Texas air taxi networks would serve Austin, Dallas–Fort Worth and Houston, connecting airports with business districts and other destinations. Archer said it plans to fly in Los Angeles next, ahead of planned Texas operations under the federal eVTOL Integration Pilot Program.

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