Cathie Wood's Ark Invest has continued its investment in Archer Aviation Inc, a flying taxi company, with a second consecutive day of share purchases. The recent trade, executed through the ARK Innovation ETF, amounted to $16 million based on Archer's closing price of $5.94. Ark Invest's interest in Archer has grown, particularly after Archer secured a $215 million equity investment from industry giants like Boeing, Stellantis N.V., and United Airlines, which brought Archer's total funding to over $1.1 billion. Archer's FAA-approved Midnight eVTOL aircraft and collaboration with Boeing and Wisk Aero for autonomous flight technology have fueled optimism.