Beta Technologies Raises $1 Billion in NYSE IPO for Electric Aviation | Ukraine news
Shares of the American startup Beta Technologies, which specializes in electric aviation, went public on the New York Stock Exchange for the first time, raising more than $1 billion, and the closing price ended in positive territory.
The initial public offering was priced at $34 per share; Beta Technologies sold 29.9 million shares, raising more than $1 billion at a company valuation of $7.4 billion.
After trading began, the shares initially fell, but later recovered and closed at $36 per share.
The founder and chief executive of Beta Technologies, Kyle Clark, who holds a Harvard education and was previously a professional hockey player and flight instructor, founded the company in 2017. He bet on an unconventional path of development – not in Silicon Valley, but in Vermont, attracting institutional investors such as Fidelity and the Qatar Investment Authority; Amazon and General Electric are among the largest investors.
In an unusual move the company filed for an IPO during a partial government shutdown. The Securities and Exchange Commission (SEC) last month issued guidelines allowing waiting-status companies to issue statements, including the price of shares that become effective after 20 days, even without full regulator review. Other firms, notably Navan, continued their IPOs in line with this rule.
“You know, this isn’t actually the case. I believe the more time we spend with investors, the better it will be for Beta. When people delved into the technology and the strategy, we became stronger, and our oversubscription speaks for itself.”
The Company’s Strategy and Its Products
Beta aims to become an OEM division in the aviation sector and has already developed two electric models: the Alia CX300 eCTOL – for regional flights, and the Alia A250 eVTOL – for urban environments with vertical takeoff and landing.
Additionally, the company is growing its business in charging electric aircraft, with Archer Aviation as one of its customers.
In regulatory filings, Beta notes revenue, but profitability has not yet been achieved. For the first half of 2025, revenue stood at $15.6 million, nearly double that of the same period in 2024; net losses for the same period rose by about a third to $183 million.
