Beta Technologies IPO Raises $1 Billion as Electric Aviation Firm Soars on NYSE Debut
Beta Technologies’ stock soared in its debut on the New York Stock Exchange (NYSE) after the Vermont-based electric aviation company raised $1 billion in its initial public offering (IPO). Shares were priced at $34 — higher than the projected range of $27 to $33 — giving the company a market valuation of about $7.4 billion. The stock briefly dipped before rebounding to close at $36, marking a strong first day for one of the most talked-about electric aircraft startups.
Founded in 2017 by Kyle Clark, a former professional hockey player and pilot instructor, Beta Technologies has taken an unconventional path to success. Instead of relying on Silicon Valley venture capital, Clark raised over $1.15 billion from major institutional backers, including Fidelity, the Qatar Investment Authority, Amazon, and General Electric. His vision: to make clean aviation a mainstream reality while building a company rooted in Vermont’s growing tech ecosystem.
The company’s IPO filing process also broke norms, coming amid a U.S. government shutdown. Leveraging new SEC guidance that allowed companies to proceed with IPOs after a 20-day waiting period, Beta pressed ahead — even as advisors warned against the risks of an extended investor roadshow. Clark told TechCrunch that the move paid off, as investors gained deeper confidence in Beta’s technology and business model, resulting in an oversubscribed offering.
Now listed on the NYSE, Clark says the company’s next focus is steady growth and regulatory milestones, including the Federal Aviation Administration’s commercial certification of its electric aircraft. Beta Technologies has developed two models: the Alia CX300 eCTOL for regional flights and the Alia A250 eVTOL for urban transport. The company also runs an electric aircraft charging business, with clients such as Archer Aviation.
While Beta Technologies has begun generating revenue — $15.6 million in the first half of 2025, double that of the previous year — it remains unprofitable, reporting a $183 million net loss in the same period. Despite this, investors remain optimistic about the company’s long-term potential to lead the electric aviation revolution, signaling strong market confidence in a greener future for air travel.
source: Techcrunch