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Paris Air Show 2025 - Archer Midnight EVTOL
Archer’s Midnight aircraft (Nicolas Economou/Getty Images)

Archer teams up with Starlink to bring internet access to its Midnight air taxi

The announcement marks an “industry-first collaboration,” says Archer.

Air taxi maker and defense contractor Archer Aviation announced on Friday that it’s teaming up with SpaceX’s Starlink.

The company will install Starlink’s satellite internet into its Midnight aircraft for use by passengers during future air taxi flights. Archer says the service will also “enable communications between Midnight, pilots, and engineering teams on the ground.”

The companies plan to work together to develop connectivity solutions for Archer’s planned autonomous aircraft.

“Connectivity is a must-have feature for Midnight. Starlink is uniquely built to deliver it. This industry-first collaboration will enable seamless, high-speed connectivity and essential amenities for our passengers and pilots,” Archer CEO Adam Goldstein said.

Previous rumored tie-ups with Elon Musk-led companies have sent Archer’s shares surging in the past. In October, social posts from Archer and Tesla fueled speculation that Archer was announcing a collaboration of some kind with the EV maker. The rumors proved inaccurate.

Earlier this week, Archer sued UK rival Vertical Aerospace, alleging that the company illegally copied Midnight’s design. In a statement to Sherwood News, a Vertical spokesperson said the allegations were “without merit” and “merely an attempt to distract from Archer’s challenges competing in the marketplace.”

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Lucid climbs after Uber revealed to be its second-largest shareholder following recent investment

Shares of luxury EV maker Lucid are up more than 7% in premarket trading on Tuesday, following the release of a regulatory filing that revealed Uber is now its second-largest shareholder, trailing only Saudi Arabia’s PIF sovereign wealth fund.

The news follows an announcement earlier this month that Uber and Lucid would expand their robotaxi partnership from 20,000 planned vehicles to 35,000. Along with the expansion, Uber also said it would invest an additional $200 million into the EV maker.

Per Monday afternoon’s filing, it seems that investment pushed Uber’s ownership stake in Lucid to 11.52%.

Lucid’s stock is down 29% in April. It hit an all-time low of $6.75 on Monday ahead of the regulatory filing becoming public.

In a mark of just how painful the slide has been for Lucid shareholders, as of Monday, the company’s market cap had dropped to a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

Capsule Pill and Dots

Justice Department accuses telehealth Zealthy of fraud, says remedy may bankrupt it

The feds say they don’t think Zealthy has the liquidity to pay what it owes customers.

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