Aerospace manufacturer BETA Technologies’ electric aircraft ALIA is seen at John F. Kennedy Airport in New York City, USA, on June 3, 2025. This is the first advanced air mobility flight to JFK Airport.
Kylie Cooper | Reuters
Beta Technologies updated its initial public offering prospectus on Wednesday, setting a price range that could value the company as high as $7.2 billion.
The electric aircraft maker said it plans to sell 25 million shares at prices between $27 and $33 per share. The deal will raise up to $825 million.
The planned initial public offering comes amid a multi-day government shutdown that threatens to stall a healthy resurgence in IPO activity after years of drought. Earlier this month, the SEC shared guidance allowing IPO proceedings to continue despite reduced operations.
Beta joins the list of electric aircraft manufacturers entering the public market as the technology gains momentum.
major players joby and archer aviation Its value accelerated this year as it ramped up production and forged new partnerships both domestically and internationally. The field is also getting a boost from President Donald Trump’s plans for an eVTOL (electric vertical takeoff and landing vehicle) test program.
Archer was recently named official partner of the 2028 Olympics, and Joby announced partnership with defense contractor L3 Harris.
Proponents tout eVTOLs as a way to reduce traffic in congested metropolitan areas, but the technology has not yet been approved by the Federal Aviation Administration.
The beta version is not yet profitable.
The company reported a net loss of $183 million for the first six months of this year. That’s up from a loss of $137 million in the year-ago period. Revenue for the first half of 2025 more than doubled to $15.6 million from $7.6 million a year ago.
Last month, GE Aerospace announced a $300 million investment and stake in Beta.
Underwriters for this transaction include: morgan stanley, goldman sachs, bank of america and jeffries.
