Electric Aircraft Manufacturer Beta Technologies Goes Public
Beta Technologies made its stock market debut on Wall Street by raising over a billion dollars in fresh capital, reaching a valuation of $7.4 billion.
IPO Details and Market Performance
- The company completed its initial public offering in New York on Tuesday.
- Shares closed with a 6% gain on their first day of trading.
- Beta sold 29.9 million shares at $34 each (about €29), surpassing expectations.
Company Financials
Although Beta Technologies reached a high market value, its operations remain relatively modest in scale. In the first half of 2025, the company reported a loss of $183.2 million (€158.9 million), an increase compared to $137.1 million loss in the same period in 2024. Meanwhile, revenue doubled from $7.6 million to $15.6 million (€13.5 million).
Industry Context
Beta Technologies, founded in 2017 and based in Vermont, is among the first electric vertical take-off and landing (eVTOL) aircraft manufacturers to enter the public markets, highlighting the competitive and emerging nature of the industry.
Outlook for VTOL Technology
VTOL technology is expected to receive official approval in the United States within the next 30 months.
Author’s summary: Beta Technologies’ Wall Street debut and $7.4 billion valuation highlight growing investor interest in the emerging eVTOL market despite ongoing financial losses.