Key facts
- ARK Invest is increasing its stake in Archer Aviation.
- Archer Aviation is a developer of electric vertical take-off and landing aircraft.
- Archer Aviation stock increased 18.6% last month.
Cathie Wood's ARK Invest is increasing its stake in Archer Aviation, a company focused on developing electric vertical take-off and landing (eVTOL) aircraft. This investment activity comes after Archer Aviation's stock experienced an 18.6% increase last month, driven by unspecified significant company developments. Archer Aviation is recognized as a leading developer in the eVTOL sector.