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Beta Technologies IPO could value electric air taxi maker at $7.2B
Aerospace manufacturer BETA Technologies’ electric aircraft, ALIA, is seen at John F. Kennedy Airport in New York City, U.S., June 3, 2025. It is the first Advanced Air Mobility flight into JFK Airport.
Kylie Cooper | Reuters
Beta Technologies updated the prospectus for its initial public offering on Wednesday, setting a price range that could value the company at $7.2 billion at the top end.
The electric aircraft maker said it plans to sell 25 million shares at $27 to $33 each. The deal would raise as much as $825 million.
The planned IPO comes amid a dayslong government shutdown that threatens to stall a healthy resurgence in IPO activity following a multi-year drought. Earlier this month, the SEC shared guidance to allow IPO proceedings to continue.
Beta joins a growing list of electric aircraft makers that have taken a shot at public markets as the technology gains steam.
Key players Joby and Archer Aviation have accelerated in value this year as they beef up production and ink new partnerships at home and abroad. The sector has also gotten a boost from President Donald Trump’s plans for an eVTOL, or electric vertical takeoff and landing, pilot program.
Archer was recently named an official partner for the 2028 Olympics, while Joby announced a partnership with defense contractor L3Harris.
Proponents have touted eVTOLs as a way to cut traffic in crowded metropolitan areas, but the technology has yet to be approved by the Federal Aviation Administration
Beta has yet to turn a profit.
The company reported a net loss of $183 million during the first six months of the year. which grew from a $137 million loss in the same period the year prior. Revenues more than doubled to $15.6 million in the first six months of 2025 from $7.6 million a year ago.
Underwriters for the deal include Morgan Stanley, Goldman Sachs, Bank of America and Jefferies.
