Beta Technologies completed its initial public offering in New York on Tuesday. The share closed at a gain of 6 per cent on its debut. The electric aircraft manufacturer sold 29.9 million shares and raised over a billion dollars. The shares were sold for 34 dollars each, or the equivalent of around 29 euros – exceeding expectations for the young company from the US state of Vermont, which is now valued at 7.4 billion dollars.
However, Beta Technologies’ business is still relatively small. In the first half of 2025, the company, founded in 2017, made a loss of $183.2 million (€158.9 million). In the same period last year, the loss was slightly smaller at $137.1 million. Revenue doubled from $7.6 million to $15.6 million. In euros, that is around €13.5 million.
Approval expected for the next 30 months
Beta Technologies is one of the first manufacturers of electric vertical take-off and landing (eVTOL) aircraft to venture onto the stock market. This represents a test for the small but highly competitive industry. Beta Technologies has already submitted an application for certification of its eVTOL technology to the US Federal Aviation Administration.
According to CEO Kyle Clark, Beta’s aircraft are already being used by the US military for certain training missions. According to the US media outlet CNBC, he expects full approval from the relevant authority within the next 30 months. Due to the US government shutdown that has been ongoing since the beginning of October, the authority is currently operating with a smaller staff, which is why the process is significantly delayed.
The young segment is currently still dominated by competitors Joby Aviation and Archer Aviation. According to proponents, the technology is intended to relieve airspace congestion. Beta Technologies provides Archer with charging facilities at a total of 51 locations in the US.
Incidentally, the manufacturer does not specialise solely in VTOLs. It is also active in the field of electric CTOLs, i.e. electric aircraft that require a runway for take-off and landing as usual. One of the largest investors in Beta Technologies is Amazon. The e-commerce giant held 10.2 per cent of the company’s shares prior to the IPO. General Electric is also a significant shareholder with 6.3 per cent. Its subsidiary GE Aerospace announced in September that it would invest $300 million in Beta Technologies.
cnbc.com
This article was first published by Elias Holdenried for Ev Authority’s German edition.
