On Wednesday, United Airlines announced plans to purchase up to 200 flying taxis from Archer — an electric aircraft startup based in Palo Alto California — a deal estimated to be worth $1 billion.
The Wall Street Journal reported that the “tentative agreement is a stamp of approval for Archer, which said Wednesday that it will go public through a combination with a special-purpose acquisition company in a deal that values the combined company at about $3.8 billion.”
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