Shares of electric aviation startup Beta Technologies soared on Tuesday as the company debuted on the New York Stock Exchange with a massive $1 billion raise and stock price close.
The Vermont-based company priced shares in its IPO at $34, above the forecast range of $27 to $33. Beta Technologies sold 29.9 million shares to raise more than $1 billion at a $7.4 billion valuation.
Once trading began, Beta Technologies shares fell before recovering to eventually close at $36.
Beta Technologies’ public market debut is a milestone for founder and CEO Kyle Clark’s unconventional approach to building an airline. Clark, a former professional hockey player and Harvard-educated pilot instructor, founded Beta Technologies in 2017. He didn’t follow the typical path of a startup founder, eschewing Silicon Valley for his hometown of Vermont and bypassing venture capital. Instead, Beta raised capital — to the tune of $1.15 billion — from institutional investors such as Fidelity and the Qatar Investment Authority. Amazon and General Electric are among Beta’s biggest investors.
In another unusual move, the company filed its IPO documents despite the government shutdown. The US Securities and Exchange Commission issued guidance last month that allows IPO companies to issue statements, including share price, that automatically take effect after 20 days, even without SEC staff review. Several other companies, including Navan, have gone ahead with IPO plans under this rule.
A decision to proceed based on that SEC guidance would mean a 20-day roadshow with investors, Clark told TechCrunch, adding that banking advisers told him being on the road for so long was risky.
“And I said, ‘You know what? Actually it’s not. I think the more time we spend with investors, the better it’s going to be for Beta,” Clark said in an interview Monday afternoon. “As people started digging really deep into the technology and the strategy, we got stronger and stronger, and our oversubscription speaks for itself.”
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His hope, he told TechCrunch, is for steady and slow growth in the stock, not a wild, uncontrollable pop.
Now Clark says he’s refocused on the company, including commercial certification of its electric aircraft with the Federal Aviation Administration.
Beta aims to be an OEM in the aviation sector. The company has designed two electric aircraft. A conventional electric aircraft, called the Alia CX300 eCTOL, is designed for regional flights. An electric vertical takeoff and landing aircraft, called the Alia A250 eVTOL, is designed for urban environments.
Beta has also built an aircraft EV charging business, of which Archer Aviation is a client.
Beta IPO Regulatory Documents they show that it has generated revenue but is not yet close to profitability. Beta brought in $15.6 million in the first half of 2025, double the revenue from the same period in 2024. Its net losses also rose by about a third to $183 million in the first six months of the year.
