Archer Aviation (NYSE:ACHR) jumped 8.7% midday Friday, running hot after being named the Official Air Taxi Provider for the 2028 Los Angeles Olympic and Paralympic Games on Thursday. Its essentially a coup that could showcase its Midnight eVTOL fleet to over 15 million visitors and billions of global viewers.

The collaboration will deploy Archer's Midnight eVTOL aircraft at the LA28 Games for transporting VIPs, fans, and stakeholders.

At the LA28 Olympic Games, electric air taxis will transport attendees between key venues including SoFi Stadium and LAX — all for the price of a luxury ride share.