Overview
- Beta priced the offering at $34 per share, above its $27–$33 range, selling 29.9 million shares for roughly $1.01 billion.
- The IPO implies a valuation near $7.4 billion, and the stock closed its first session at $36, up about 6%, under the ticker BETA.
- Bankers reported strong demand with the deal multiple times oversubscribed, signaling investor interest in electric aviation.
- Proceeds are earmarked for production scale-up and certification, with the CTOL aircraft targeted for late 2027 or early 2028 and the VTOL about a year later.
- Beta reported $15.6 million in first-half 2025 revenue and a larger net loss, counts GE and Amazon among major backers, and says its chargers are installed at 51 U.S. locations.