Electric aviation company Beta Technologies has filed to raise as much as $825 million through an initial public offering (IPO) in the United States, according to documents submitted to the U.S. Securities and Exchange Commission (SEC). The startup plans to price shares between $27 and $33, which would give it a valuation of roughly $7.2 billion at the top end of the range.
Founded in 2017 and headquartered in Vermont, Beta Technologies is developing electric and hybrid-electric aircraft for passenger and cargo applications. The company’s founder and chief executive officer Kyle Clark, a Harvard-educated former professional hockey player and pilot instructor, has charted an unconventional path by avoiding traditional venture capital funding. Instead, Beta has raised about $1.15 billion from institutional investors, including Fidelity and the Qatar Investment Authority.
See also: GE Aerospace To Invest $300 Million In Beta Technologies, Partner On Hybrid-Electric Turbogenerator
Clark said Beta’s approach reflects a long-term vision for the aviation industry rather than a quick-growth startup model. “We’ve built Beta around the idea that electric flight is not just possible but practical — and we’re doing it with partners who share that vision,” he said in the filing.
Beta recently strengthened its industrial ties through a strategic partnership with GE Aerospace, which agreed to invest $300 million and acquire an equity stake in the company. The collaboration will focus on developing a hybrid-electric turbogenerator for next-generation aircraft, expanding Beta’s technology beyond pure battery-electric systems.
See also: BETA Technologies’ All-Electric ALIA CTOL Aircraft Makes Historic Landing at JFK Airport
The IPO filing comes amid a partial U.S. government shutdown. However, the SEC has allowed certain companies to proceed under automatic-effectiveness rules that permit IPO filings to become active after 20 days without staff review. Several firms, including Navan, have also used this mechanism to advance listing plans despite the disruption.
If successful, Beta Technologies would become one of the most prominent publicly traded players in the emerging advanced air mobility sector, alongside peers seeking to commercialize electric vertical takeoff and landing (eVTOL) and hybrid aircraft.
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