Archer Aviation Inc.'s stock surged 5.06% during intraday trading on Monday, driven by positive investor sentiment following the company's announcement of a strategic collaboration with Starlink.

The electric air taxi maker revealed plans to integrate Starlink's low Earth orbit satellite connectivity into its Midnight electric air taxis. This partnership aims to provide high-speed communication links for both passengers and operational needs, potentially enhancing the service's reliability and appeal.

Further supporting the company's growth narrative is the establishment of a new engineering hub in the United Kingdom and previously secured contracts with the U.S. Department of Defense (DOD). These developments come as the company is also scheduled to report its quarterly earnings in the week ahead, adding to the market's focus on the stock.