Tag Archives: ACHR

Starlink Enters Air Traffic, Bringing Low Earth Orbit High-Speed Internet to Flying Taxis

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On Friday (February 27), electric vertical takeoff and landing (eVTOL) company Archer Aviation (NYSE:ACHR) announced on its official website that it will collaborate with Starlink to provide stable, reliable, and high-speed internet service for air taxis.

Under the agreement, Archer will install Starlink’s Low Earth Orbit (LEO) satellite internet system on its electric air taxi, Midnight, and conduct testing. The system is designed to provide high-speed, low-latency network connectivity for Midnight’s operations.

Archer stated that this marks Starlink’s official entry into the emerging air traffic sector, making it the industry’s first such collaboration.

In addition to providing internet access for passengers, Archer plans to use Starlink for communication between the aircraft, pilots, and ground engineering teams, thereby supporting the development of the company’s air taxi connectivity infrastructure.

Archer and Starlink also plan to work together to develop an interconnected solution to aid the development of future autonomous aircraft.

Archer emphasized that, unlike systems that rely on ground-based stations, Starlink’s constellation of Low Earth Orbit satellites can provide stable, high-bandwidth network coverage even in dense urban environments where low-altitude flight and cellular network coverage are typically unstable.

The press release pointed out, “These features make Starlink ideal for next-generation aviation platforms, such as air taxis operating at around 1,500 feet (approximately 457 meters) above cities and their surrounding areas.”

Archer’s founder and CEO, Adam Goldstein, said, “For Midnight flights, network connectivity is crucial. The uniqueness of Starlink lies in its ability to provide this connectivity.”

“This groundbreaking collaboration will offer our passengers and pilots seamless, high-speed network connections and the necessary conveniences.”

However, it’s important to note that Archer is still awaiting final approval from the Federal Aviation Administration (FAA) before it can officially begin commercial passenger operations.

ARK Invest Tracker: Cathie Wood Buys 30K+ Broadcom Shares, Sweeps Up eVTOL Leaders Joby and Archer

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On Thursday, U.S. time, the three major stock indices closed mixed. While tech giants like Nvidia pulled back, the defense sector saw a broad rally fueled by President Trump’s proposal to increase military spending.

Against this backdrop, Cathie Wood is executing a clear sector rotation: doubling down on the “low-altitude economy” and AI hardware, while locking in profits or trimming positions in the recently red-hot defense and space sectors.

Accumulation: Bullish on the “Low-Altitude Economy,” Buying Broadcom on the Dip

The most striking moves in ARK’s latest buy list are the massive bets on the eVTOL (Electric Vertical Take-off and Landing) sector, purchasing over 160,000 shares of Joby Aviation (JOBY) and over 70,000 shares of Archer Aviation (ACHR).

As we enter 2026, the market widely regards this as the “Year of Commercialization” for eVTOLs. Wood’s heavy investment in these two industry leaders sends a strong signal: she believes the tipping point for regulatory approval (such as FAA certification) and commercial operations has arrived. Rather than waiting for a distant future, she is positioning for the imminent launch of “air taxi” services—a bet not just on technology, but on the transformation of urban mobility.

In the AI hardware space, ARK added 31,600 shares of Broadcom (AVGO). As the leader in networking chips and custom ASIC solutions, Broadcom plays an indispensable role in AI data center construction. This move suggests Wood remains confident in the sustained demand for AI infrastructure. Compared to some overvalued AI stocks, Broadcom is viewed as a more resilient core AI asset due to its robust cash flow and monopoly in Ethernet switching.

Divestment: Trimming Defense and Space Stocks

In sharp contrast to her purchases of “civilian” aircraft, Wood hit the sell button on the military and space sectors.

  • Palantir (PLTR): Reduced by 58,700 shares. As a leader in AI and defense data analytics, this move is likely profit-taking or valuation-driven portfolio management.
  • Rocket Lab (RKLB): Sold 24,900 shares. ARK chose to reduce exposure to this commercial space newcomer amid recent volatility.
  • Kratos Defense (KTOS) & AeroVironment (AVAV): Trimmed by 20,100 and 2,017 shares, respectively. Both are major players in the military drone space.

This creates a fascinating “hedge”: selling military drones to buy civilian eVTOLs. It suggests Wood may judge that defense sector premiums have become overextended in the short term, whereas the growth potential and value proposition of the civilian low-altitude economy are currently more attractive.