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Archer Aviation insiders sold $1.1M in shares as the company gained FAA approval for its eVTOL aircraft amid financial and legal challenges.
On March 5, 2026, multiple Archer Aviation insiders, including CTO Thomas Paul Muniz, CAO Harsh Rungta, and Tosha Perkins, sold a combined 172,337 shares at $6.46 each, totaling about $1.1 million.
The company reported a quarterly loss of $0.26 per share, below estimates, and $300,000 in revenue, up 29,900% year-over-year but far below expectations.
Archer received full FAA approval for its Midnight eVTOL aircraft, integrated Starlink connectivity, and secured eIPP program partnerships in Florida, New York, and Texas.
Despite a market cap of $4.25 billion and a mixed analyst outlook with a consensus “Moderate Buy” rating, challenges include litigation with Joby Aviation, potential equity issuance, and high valuation risks.
Los expertos de Archer Aviation vendieron $1.1M en acciones cuando la compañía obtuvo la aprobación de la FAA para su avión eVTOL en medio de desafíos financieros y legales.