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Beta Technologies Files for NYSE IPO Under Ticker BETA

The Vermont startup seeks public capital to advance FAA certification.

Overview

  • The company submitted an S-1 to list on the New York Stock Exchange under the symbol BETA with Morgan Stanley and Goldman Sachs leading the deal, and it did not disclose offering size or a price range.
  • Beta has raised more than $1 billion privately while generating less than $16 million in revenue in the first half of 2025 against about $170 million in operating expenses.
  • The company reports 174 firm orders and nearly 500 additional options from buyers including UPS and Air New Zealand at roughly $4 million per aircraft, contingent on FAA certification.
  • Its ALIA conventional-takeoff electric aircraft has completed thousands of flights totaling about 83,000 nautical miles and has been used in U.S. military training and flown by the FAA.
  • Beta is building a charging network at U.S. airports, is developing a 19-passenger model, and recently partnered with GE Aerospace to pursue hybrid propulsion.