Who Owns Archer Aviation Company?

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Who Owns Archer Aviation?

Understanding a company's ownership is key to its direction and accountability. Archer Aviation, a pioneer in electric vertical takeoff and landing (eVTOL) aircraft, has seen its ownership evolve significantly since its founding in 2018.

Archer Aviation, founded by Adam Goldstein and Brett Adcock, aims to transform urban air mobility with its eVTOL aircraft. The company's vision extends to operating an air taxi network, tackling urban congestion and emissions.

As of July 2025, Archer Aviation's market capitalization hovers between $6.03 billion and $6.97 billion USD. This valuation highlights substantial interest from strategic partners and institutional investors in the burgeoning eVTOL sector. A detailed look at its ownership structure reveals the influence of founders, key investors, and public shareholders on its path forward. For a deeper understanding of the external factors impacting the company, consider an Archer Aviation PESTEL Analysis.

Archer Aviation was co-founded in October 2018 by Adam Goldstein and Brett Adcock, both experienced technology entrepreneurs. Their prior venture, Vettery, an online talent marketplace, was acquired in February 2018, providing a strong foundation for their next endeavor. At Archer's inception, Goldstein and Adcock held significant control, reflecting their vision for the burgeoning urban air mobility sector.

Founding Visionaries

Adam Goldstein and Brett Adcock, co-founders of Archer Aviation, brought a wealth of entrepreneurial experience to the company. Their previous success with Vettery laid the groundwork for their ambitious plans in urban air mobility.

Early Control

As co-CEOs, Goldstein and Adcock held substantial initial ownership stakes. This significant control was instrumental in guiding the company's early strategic direction and technological development.

Strategic Backers

Archer attracted key early investors and strategic partners who provided crucial initial capital and expertise. These early collaborations were vital for the company's growth and market positioning.

Integrated Business Model

The company's business model was designed to encompass both aircraft manufacturing and air taxi operations. This comprehensive approach likely influenced the structure of early investment agreements.

Founder Commitment

Early agreements typically included vesting schedules for founders' shares. This ensured long-term commitment and alignment of interests with the company's performance and success.

Cohesive Founding Period

There is no public record of ownership disputes during the founding phase. This suggests a period of cohesive effort focused on technological advancement and strategic partnerships.

While specific early equity splits for Archer Aviation during its private phase are not publicly detailed, the co-founders' roles as primary visionaries and co-CEOs indicate substantial initial ownership. Early on, the company secured significant backing from strategic partners who would later evolve into major stakeholders. These foundational relationships were critical for providing the initial capital and expertise necessary to develop Archer's integrated business model, which spans both aircraft production and air taxi services. The company's history, including its early funding rounds, can be further explored in a Brief History of Archer Aviation.

Founders and Early Ownership Details

Archer Aviation was established in October 2018 by Adam Goldstein and Brett Adcock. Their previous entrepreneurial success with Vettery, an online talent marketplace acquired in February 2018, provided a strong foundation for their new venture.

• Co-founders Adam Goldstein and Brett Adcock held significant initial control.
• Specific early equity splits are not publicly disclosed.
• Early investors and strategic partners played a crucial role in providing capital.
• The company's business model integrates aircraft production and air taxi operations.
• Founder share vesting schedules were likely part of early agreements to ensure commitment.
• The founding period appears to have been cohesive, focusing on technological development.

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Archer Aviation's ownership structure significantly transformed following its business combination with Atlas Crest Investment Corp. on September 17, 2021, leading to its NYSE debut. This event marked a new chapter for the company, influencing its market presence and stakeholder dynamics.

The ownership landscape of Archer Aviation is characterized by a blend of institutional, strategic, and founder stakes, reflecting its growth and strategic partnerships. As of March 31, 2025, institutional investors held between 30.71% and 59.34% of the company's shares, indicating broad investor confidence. Key institutional players include BlackRock, Inc., ARK Investment Management LLC, State Street Corp, and Vanguard Group Inc., all of whom are significant participants in the public markets.

Key Stakeholders in Archer Aviation

Archer Aviation's strategic direction is heavily influenced by its major investors, who provide not only capital but also industry expertise.

• Stellantis N.V.: A global automaker, Stellantis is a significant strategic investor, holding approximately 9.54% of Archer's shares as of March 31, 2025, valued at around US$664.8 million. Their continued investment, including open market purchases, underscores a deep commitment to Archer's eVTOL development.
• United Airlines: Another crucial strategic partner, United Airlines has made multiple investments and placed a substantial order for up to 200 Midnight aircraft, representing a potential value of up to $1.5 billion.
• Founders: Adam Goldstein and Brett Adcock, the company's founders, maintain significant individual stakes, demonstrating their ongoing commitment to Archer's vision. As of November 2024, Adam Goldstein held 19,762 shares, and Brett Adcock held 10,824,701 shares.
• Institutional Investors: A diverse group of institutional investors, including BlackRock, ARK Investment Management, State Street, and Vanguard, collectively own a substantial portion of Archer's stock, contributing to its market stability and growth.

The substantial backing from strategic partners like Stellantis and United Airlines is instrumental in fueling Archer's manufacturing scale-up and market entry plans. Stellantis's financial support, covering up to approximately $370 million in manufacturing labor costs and up to $20 million in initial capital expenditures for the Midnight aircraft, is a testament to this symbiotic relationship. This collaboration ensures that Stellantis's interests are aligned with Archer's production and cost targets, with a mechanism for quarterly share allocation based on incurred labor costs and Archer's stock performance. Understanding the Target Market of Archer Aviation is key to appreciating the strategic rationale behind these investments.

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The Board of Directors at Archer Aviation Inc. is composed of individuals with diverse backgrounds, including founders, representatives from key investors, and independent directors. This structure is instrumental in guiding the company's strategic decisions and overall governance. As of April 2025, Adam Goldstein holds the positions of Chairman and CEO, a role he has maintained since the company's public listing in 2021.

Archer Aviation's voting power structure underwent a significant change effective December 31, 2024. Previously, the company utilized a dual-class share system where Class B Common Stock carried ten votes per share, while Class A Common Stock had one vote per share. This distinction granted enhanced voting rights to Class B shareholders. However, due to the outstanding Class B shares falling below a 10% threshold of the total combined shares, all Class B Common Stock was automatically converted into Class A Common Stock on a one-for-one basis. This conversion has effectively eliminated the multi-class structure, establishing a uniform one-vote-per-share entitlement for all Class A shareholders. This simplification of the capital structure promotes equitable voting rights among all Archer Aviation stakeholders.

Governance and Shareholder Alignment

Archer Aviation has implemented measures to ensure compliance with U.S. aviation regulations and to align shareholder interests. These changes reflect a commitment to robust corporate governance.

• Effective December 31, 2024, the dual-class share structure was eliminated, moving to a single class of common stock.
• This conversion ensures that all shareholders now have one vote per share.
• Shareholders approved limitations on voting and ownership by non-U.S. citizens in December 2024.
• At least two-thirds of the board and key officers must be U.S. citizens.
• Non-citizen ownership of voting stock is capped at 25%, with voting rights suspended for shares exceeding this limit.
• There have been no significant proxy battles or activist campaigns impacting the company's decision-making recently.
• Understanding the Mission, Vision & Core Values of Archer Aviation can provide further insight into the company's direction.

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Archer Aviation's ownership landscape has seen dynamic shifts over the past few years, largely influenced by strategic funding rounds and evolving corporate structures. These changes reflect the company's progress towards its commercialization goals and its integration within the broader aerospace industry.

The company's strategic partnerships and capital infusions are key to its growth trajectory. Archer Aviation's focus on innovation and market entry is supported by a growing base of institutional and strategic investors, shaping its ownership trends and future direction.

Strategic Investor Spotlight

Stellantis is a significant strategic shareholder, increasing its investment and commitment to Archer Aviation. This partnership is crucial for scaling manufacturing operations.

Capital Infusion Impact

Recent capital raises have bolstered Archer's financial standing, providing over $1 billion in liquidity as of February 2025. This funding is vital for advancing its eVTOL development and commercialization plans.

Ownership Structure Evolution

The conversion to a single class of common stock simplifies governance and aligns with regulatory requirements. This move ensures a unified voting structure for all shareholders.

Leadership and Governance

Adam Goldstein leads Archer Aviation as CEO, with key executive roles evolving to support technological advancement. The company's governance structure is designed for transparency and compliance.

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