Shares of electric aviation startup Beta Technologies took flight Tuesday as the company made its debut on the New York Stock Exchange. The company raised a significant one billion dollars and saw its stock price close higher for the day.
The Vermont-based company priced shares in its initial public offering at thirty-four dollars, which was above its predicted range of twenty-seven to thirty-three dollars. Beta Technologies sold 29.9 million shares to raise more than one billion dollars, achieving a valuation of 7.4 billion dollars. Once trading started, the company’s shares dipped but then recovered, ultimately closing at thirty-six dollars.
This public market debut is a capstone to the untraditional approach of founder and CEO Kyle Clark. Clark, a Harvard-educated former professional hockey player and pilot instructor, founded Beta Technologies in 2017. He did not follow the typical path of a startup founder, choosing to base the company in his Vermont hometown instead of Silicon Valley and bypassing venture capital. Instead, Beta raised funds, totaling 1.15 billion dollars, from institutional investors such as Fidelity and the Qatar Investment Authority. Amazon and General Electric are among the company’s biggest investors.
In another uncommon move, the company filed its IPO paperwork despite a government shutdown. The U.S. Securities and Exchange Commission had issued guidance that lets companies in the IPO process issue statements that become automatically effective after twenty days, even without a staff review. Several other companies have pressed ahead with their IPO plans under this same rule.
The decision to proceed meant a twenty-day roadshow with investors. Clark stated that bank advisers told him being on the road that long was risky. He disagreed, believing that more time with investors would be better for Beta. He noted that as people dug deeper into the technology and strategy, the company’s position strengthened, and the oversubscription for the offering speaks for itself.
Clark expressed his hope for steady and slow growth of the stock rather than a wild, uncontrolled surge. He says he is now focused back on the company, including the commercial certification of its electric aircraft with the Federal Aviation Administration.
Beta Technologies aims to be an original equipment manufacturer for the aviation sector. The company has designed two electric aircraft. A conventional electric aircraft, called the Alia CX300 eCTOL, is designed for regional flight. An electric vertical takeoff and landing aircraft, dubbed the Alia A250 eVTOL, is primed for urban environments. Beta has also built an electric vehicle aircraft charging business, for which Archer Aviation is a customer.
The company’s IPO regulatory documents show it has generated revenue but is still not near profitability. Beta brought in 15.6 million dollars in the first half of 2025, which is double the revenue from the same period in 2024. Its net losses have also grown by roughly one-third to 183 million dollars over the first six months of the year.