Archer Aviation has partnered with AEG to develop a vertiport at the L.A. Live entertainment complex in downtown Los Angeles, a move that adds another planned hub to the company’s expanding Los Angeles air-taxi network.

Shares of Archer Aviation (ACHR) closed Friday at $6.30, up 3.45% on the day, after the announcement. The stock has gained about 19% over the past 30 days, outperforming the broader market during the same period.

Under the arrangement, Archer will be the sole air-taxi operator for the 4-million-square-foot L.A. Live development, which sits next to Crypto.com Arena and the Los Angeles Convention Center. AEG, one of the world’s largest sports and live-entertainment companies, developed L.A. Live and operates the adjacent Crypto.com Arena. The partnership is expected to run for multiple years and gives Archer a downtown Los Angeles presence alongside other planned or existing locations in its regional network, including SoFi Stadium, the University of Southern California, Hollywood Burbank Airport, and Hawthorne Airport, which serves as the company’s primary operational center. Securing high-traffic landing sites has become a competitive front among air-taxi developers, with rival Joby Aviation also pursuing partnerships aimed at airports and urban hubs, including a long-standing arrangement with Delta Air Lines.

On X, Archer said it was expanding its planned Los Angeles network through the partnership with @AEGworldwide and the vertiport at @LALIVE in downtown Los Angeles.

Expanding our planned LA network: we’re partnering with @AEGworldwide to develop a vertiport at @LALIVE in the heart of downtown LA adding one of the city’s biggest sports and entertainment destinations to our planned air taxi network. Think less time in transit. More time at… pic.twitter.com/NH2PvTCahz — Archer (@flyarcher) August 24, 2026

The proposed L.A. Live facility would be the first publicly announced vertiport of its kind in downtown Los Angeles. The location is notable because downtown Los Angeles is scheduled to host 18 Olympic and Paralympic sporting events during the 2028 Games. Archer is the officially designated air-taxi provider for the LA28 Games and Team USA, giving the company roughly two years to complete infrastructure deployment and prepare operational procedures ahead of the showcase.

Archer’s Midnight aircraft is central to the company’s plans. The aircraft is designed to carry four passengers and handle short urban flights at speeds of up to 150 miles per hour, with the company saying it can cut typical hour-long car trips to about 10 to 20 minutes. Midnight remains in FAA type certification, a prerequisite for carrying paying passengers, and in 2024 the FAA finalized its first pilot-training and operating rules for powered-lift aircraft, the regulatory category covering aircraft like Midnight that take off vertically and cruise like conventional planes.

The L.A. Live vertiport is still in the preliminary planning stage. Archer and AEG have completed a feasibility assessment covering land use, airspace requirements, electrical infrastructure, and community considerations. The companies are now working on the operational framework and passenger service design, while the exact location of the vertiport within the L.A. Live complex remains under review. Vertiport development in the United States is also guided by design criteria the FAA issued in 2023, the agency’s first standards for such facilities.

The facility is expected to use BETA Technologies’ electric aviation charging systems through the ACES consortium, which is working to create common charging standards across the electric aircraft sector.

The announcement did not include construction costs, projected passenger volumes, pricing, revenue estimates, or a firm timetable for completion. It also did not confirm whether all required regulatory approvals and construction permits have been secured.

For now, the agreement highlights Archer’s progress on infrastructure development rather than an immediate source of revenue. The stock’s roughly 19% gain over the past month has far outpaced the broader market’s approximate 2% increase over the same period.

Wall Street analysts currently maintain a Strong Buy consensus rating on ACHR based on six ratings issued in the last three months. The consensus price target is $11.60, which implies potential upside of about 89% from current levels.