Beta Technologies Seeks NYSE IPO Funding for Electric Aircraft Development
Beta Technologies, a Vermont-based company, filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) on September 29, 2025. The company, which trades under the ticker symbol “BETA,” aims to raise $100 million to further its Alia family of aircraft.
The company specializes in the development of both conventional takeoff (CTOL) and vertical takeoff (eVTOL) electric aircraft. These aircraft are designed for a variety of applications, including cargo, medical, and military uses.
Beta’s Alia CTOL has already completed thousands of test flights, covering nearly 83,000 nautical miles across North America and Europe. The company, founded in 2017 by CEO Kyle Clark, has raised over $1.5 billion through private investment. Notably, this includes backing from Amazon.
Despite reporting $15.09 million in revenue for 2024, Beta posted a $306.35 million net loss. This loss primarily stemmed from research and development expenses.
Morgan Stanley and Goldman Sachs have been named as the primary underwriters for the offering.
Source: Yahoo Finance