Kyle Clark, founder and CEO of Beta Technologies, rings the opening bell at the New York Stock Exchange on November 4, 2025.
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Electric aircraft company Beta Technologies rose nearly 6% to close at $36 per share in its debut on the New York Stock Exchange on Tuesday.
The company priced its IPO shares at $34 per share on Monday, above its expected range of $27 to $33. Beta Inc. announced it has sold 29.9 million shares, raising more than $1 billion in a deal that values the company at about $7.4 billion.
Beta’s IPO is a major test for the small but competitive electric vertical takeoff and landing (eVTOL) industry, which is vying for approval from the Federal Aviation Administration. This nascent market is currently led by companies such as: joby aviation and archer aviationand proponents say the technology could ease air traffic congestion.
In its beta IPO prospectus, the company names Archer as one of its customers for ground support equipment, which primarily consists of chargers. Beta says its chargers are installed at 51 locations in the United States.
But the current business is very small. Beta announced that its net loss for the first half of this year widened to $183.2 million from $137.1 million in the same period last year. Revenue more than doubled from $7.6 million a year ago to $15.6 million. Beta was founded in 2017.
Founder and CEO Kyle Clark, who is also a beta test pilot, told CNBC on Tuesday that the aircraft is currently performing certain “back-end” missions for the U.S. military. He said he expects the company to receive full FAA certification for commercial operations within about 30 months.
Clark said the company needs to demonstrate successful production and operations and a pipeline of backorders to provide “a fundamental business reason to enter the public markets.”
The beta version is being rolled out during the long government shutdown that began in early October. The Securities and Exchange Commission operates with limited staff.
Still, Clark said the company has decided to “keep trains on the tracks” and continue through the closure.
Amazon and general electric are two of the company’s major investors, holding 10.2% and 6.3% of the company’s shares, respectively, before the IPO. GE Aerospace announced in September that it had generated $300 million in revenue from its beta version. Amazon made its first investment from the Climate Pledge Fund in 2021 as part of its efforts to “achieve net-zero carbon by 2040.”
Shares of eVTOL competitors Joby and Archer fell 9% and 6%, respectively. The value of both companies has roughly tripled in the last year.
Featured: Beta Technologies CEO talks about company’s market debut
