Overview
- The company priced 29.9 million shares at $34, above the $27–$33 range, raising about $1.01 billion for an implied valuation near $7.4 billion under ticker BETA.
- Shares opened at the offer price and finished the first session at $36, roughly 6% above the IPO level after early volatility.
- Beta proceeded during the federal shutdown under SEC guidance that allows certain IPO disclosures to become effective after 20 days without staff review.
- Regulatory filings show $15.6 million in revenue and roughly $183 million in net losses for the first half of 2025, with commercial operations still pending certification.
- CEO Kyle Clark says he expects full FAA certification in about 30 months, highlighting GE’s $300 million strategic investment and a 51-site U.S. charging network as key supports.