Archer makes wild deal with Boeing swapping eVTOL startups for equity

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Advertisement - scroll for more contentWisk Aero is the autonomous eVTOL developer Boeing has bankrolled for years. Archer says it’s the only company to design, build, and fly six generations of eVTOL aircraft, with more than 1,700 flight tests. The “physical AI” pitchArcher is selling this as a bet on “physical AI.” “This transaction is a win-win for Boeing and Archer,” said Brian Yutko, Boeing’s VP of Commercial Airplanes Product Development. Archer just bought its way from pre-revenue promise to a real defense business with $200 million in revenue and drones flying in 35 countries.