Electric Aircraft Manufacturer Beta Technologies Goes Public
Beta Technologies raised over one billion dollars in fresh capital during its Wall Street debut, reaching a valuation of $7.4 billion. The company sold 29.9 million shares at $34 each, closing with a 6% gain on the first day of trading.
Market Debut and Financial Highlights
- Initial public offering completed in New York.
- Shares priced at $34, approximately €29, exceeding expectations.
- Valuation now stands at $7.4 billion.
Company Background and Financial Performance
Founded in 2017 in Vermont, Beta Technologies specializes in electric vertical take-off and landing (eVTOL) aircraft. Despite the successful IPO, the business remains relatively small and is still unprofitable.
- First half of 2025 losses amounted to $183.2 million (€158.9 million).
- Losses in the same period of the previous year were $137.1 million.
- Revenue doubled from $7.6 million to $15.6 million (€13.5 million) in the first half of 2025.
Industry Outlook
Beta Technologies is among the first eVTOL manufacturers to enter the stock market, marking a crucial test for this emerging and competitive sector.
VTOL technology is expected to receive official approval in the US within the next 30 months.
Author’s summary: Beta Technologies’ Wall Street debut signals strong investor confidence in the growing eVTOL market despite ongoing financial losses and small-scale operations.