Archer Aviation (ACHR) Stock Up 19% in a Month as LA Olympic Plans Take Shape

Archer Aviation and AEG agreed to develop a vertiport at L.A. Live in downtown Los Angeles. Archer will be the exclusive air-taxi provider for the 4-million-square-foot complex. The project adds to Archer's growing LA network, which includes SoFi Stadium, USC, and Hawthorne Airport. Archer is the official air-taxi provider for the complex. ACHR stock is up 19% in a month.