BETA Technologies Seeks NYSE IPO for Electric Aircraft Development
BETA Technologies, a renowned electric aircraft manufacturer, has recently filed for an initial public offering on the New York Stock Exchange. The company aims to raise a whopping $100 million to further the development of its ALIA family of all-electric aircraft. This Vermont-based enterprise, supported by industry giants like Amazon and GE Aerospace, plans to list under the ticker symbol BETA. Goldman Sachs and Morgan Stanley have been appointed as the lead underwriters.
The company boasts a successful flight record of nearly 83,000 nautical miles across North America and Europe with its flagship ALIA CTOL electric aircraft. BETA has set its sights on late 2026 to early 2027 for FAA certification of its CX300 model. This will be followed by the A250 VTOL variant. However, the IPO filing reveals a loss of $158 million in the first half of 2025, primarily driven by $116 million in research and development expenses.
Despite the financial setback, BETA remains optimistic. The company estimates a demand for approximately 60,000 electric aircraft in its target market segment, representing a potential value of around $250 billion. In addition to this, BETA also plans to expand its horizons by developing larger aircraft with up to 19-passenger capacity for regional aviation operations.
Source: FlightGlobal