Beta Technologies raised more than $1 billion in its initial public offering on Tuesday, valuing the Vermont-based electric aircraft manufacturer at $7.4 billion, as the company positions itself in the emerging electric vertical take-off and landing (eVTOL) market.
The company sold 29.9 million shares at $34 each, or roughly €29, exceeding market expectations. Shares closed up 6% on their debut on the New York Stock Exchange.
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Despite the IPO success, Beta Technologies’ operations remain small. The company posted a loss of $183.2 million in the first half of 2025, compared with $137.1 million in the same period last year. Revenue for the period doubled to $15.6 million from $7.6 million.
Beta Technologies, founded in 2017, is one of the first eVTOL manufacturers to list publicly. The company has applied for certification from the U.S. Federal Aviation Administration, with CEO Kyle Clark anticipating full approval within 30 months. Some delays are attributed to a reduced FAA workforce amid the ongoing U.S. government shutdown. The company’s aircraft are already being used by the U.S. military for certain training missions.
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The eVTOL sector remains competitive, with Beta Technologies’ peers including Joby Aviation and Archer Aviation. Beta also provides Archer with charging infrastructure at 51 locations in the United States. In addition to VTOLs, the company is developing electric conventional take-off and landing (CTOL) aircraft.
Major investors in Beta Technologies include Amazon, which held 10.2% of shares prior to the IPO, and General Electric, which owns 6.3%. GE Aerospace also announced a $300 million investment in September.