Stock Market News

Nasdaq to open regional headquarters in Dallas to serve Texas

Nasdaq hits Texas.

Photo by David Dee Delgado/Getty Images

On the heels of the New York Stock Exchange, another stock market player is joining Texas’ Wall Street soon: The financial institution Nasdaq is coming to Dallas, where it will set up a regional headquarters office.

The company, currently based in New York, is the third to join Texas’ so-called economic hub Y’all Street, which features both the New York Stock Exchange (NYSE) and Texas Stock Exchange.

According to a release, Nasdaq made the announcement during a luncheon on March 18 honoring Ross Perot Jr. for his contributions to the Texas economy with Governor Greg Abbott, Ross Perot Jr. in attendance.

Nasdaq is a stock market and global technology company that serves investment managers, banks, and brokers. They chose Dallas because out of their 2,000 clients, 800 are located in Texas, plus they have 200 listed companies that operate within the state contributing to $1.98 trillion in market capital.

Texas is especially ideal, boasting the eighth largest economy in the world valued at $2.6 trillion, according to the Texas Office of the Governor.

“Nasdaq is deeply ingrained in the fabric of the Texas economy, and we look forward to maintaining our leadership as the partner of choice for the state’s most innovative companies,” says Adena Friedman, Chair and CEO of Nasdaq, in a statement. “Beyond our listings franchise, we are proud to support a wide network of clients who trust us to help solve their most complex challenges.”

This announcement comes one month after the NYSE made its move known and six months after the Texas Stock Exchange was announced. The Texas Stock Exchange will begin trading in Dallas in 2026, pending approval from the U.S. Securities and Exchange Commission.

“Under the leadership of Governor Abbott, the Texas Miracle has made Texas synonymous with innovation-led growth and smart regulation,” says Executive Vice Chairman of Nasdaq Ed Knight in a statement. “We share his commitment to these principles and will continue to advocate passionately on our clients’ behalf. As a result, we will take any action needed to ensure our clients enjoy the same benefits as all other companies in the state.”

The Nasdaq, like the rest of the stock market, will operate electronically.

openings

Landing Soon

New air taxi network to land at major Dallas-Fort Worth airports in 2027

Courtesy photo

Archer will launch air taxi networks across Texas in 2027.

California-based aerospace company Archer Aviation is bringing its air-taxi system to the “Texas triangle” of Dallas-Fort Worth, Houston, and Austin in 2027.

The zero-emission electric air taxi networks will use Archer’s Midnight air taxi to “turn 60- to 90-minute drives to major airports, business districts and major destinations into 10- to 20-minute flights,” the company said in a news release. Archer plans to begin flights in the Texas triangle next year.

The Midnight air taxi is an all-electric vertical takeoff and landing (eVTOL) aircraft. It can carry four passengers and a pilot and is designed for consecutive flights of about 20 miles.

Archer cites the Texas triangle as one of the busiest and fastest-growing “megaregions” in the country, due to its proximity to coastal regions, major airports, and a number of business districts.

“Texas is setting the bar for America’s leadership in the next generation of aviation,” Adam Goldstein, founder and CEO of Archer Aviation, said in the release. “Our planned networks will make the benefits of electric air taxis real for Texans — trading hours in traffic for minutes in the air, while connecting the biggest airports, business districts and sporting hubs in ways that America’s largest megaregion needs to grow.”

Archer Chief Commercial Officer Nikhil Goel described the air taxi experience to CW Houston as “100 times quieter than a helicopter for the price of an Uber Black.” He added that the air taxis are a combination of a helicopter, a small airplane, and a drone.

The Dallas-Fort Worth network is slated to include Dallas-Fort Worth International Airport, Dallas Love Field, Addison Airport, Arlington Municipal Airport, Fort Worth Meacham International Airport, and Perot Field Fort Worth Alliance Airport, plus major business hubs like Frisco Station.

In Houston, Archer’s air taxi network will aim to connect George Bush Intercontinental, William P. Hobby, and Sugar Land Regional Airport with downtown destinations and Galveston.

In Austin, it plans to link Austin-Bergstrom International Airport and Austin Executive Airport with the F1 Circuit Helipad at the Circuit of the Americas. Archer debuted its Midnight aircraft at the F1 Prix in the Fan Zone and the F1 Paddock at COTA.

Archer is working with state and local partners to develop charging infrastructure and plans to pursue Texas operations through the White House’s eVTOL Integration Pilot Program. It recently completed its "No Roads" flight tour, which included multiple flights over the San Francisco Bay, and flew to seven cities over three days.

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This article originally appeared on our sister site, InnovationMap.com.

air taxis airports texas triangle innovation