Boeing to divest tech ventures for stake in air taxi startup

Boeing has agreed to sell its air taxi and two other technology ventures to Archer Aviation in exchange for a stake in the startup. The deal transfers Boeing's Wisk autonomous aircraft venture, SkyGrid, and Insitu businesses to Archer, along with the rights to potential future stock purchases. Archer, based in California, aims to develop a fleet of air taxis capable of getting New York City residents to airports within 15 minutes, bypassing traffic congestion.

The company is also eyeing the 2028 Los Angeles Olympics as a promotional stage for its technology, having recently purchased Hawthorne Airport as a hub in November 2025.

Boeing and Archer believe that merging their technologies will enable Archer to launch new products more swiftly. Archer CEO Adam Goldstein heralded the transaction as a "watershed moment" for his company and the future of physical AI in aerospace and defense. The companies stated in a joint declaration that this is a "next big step forward in becoming a diversified platform, rapidly expanding our revenue base and building scale to our business."

Under the agreement, Boeing retains access to Wisk technology for current and upcoming commercial and defense aircraft over a collaboration and technology-sharing arrangement. Archer completed phase three of the Federal Aviation Administration's four-phase certification process for its Midnight air taxi vehicle in May, with the company reporting its results on Monday.