eVTOL startup Beta Technologies targets $7.2 billion valuation in IPO as electric aircraft race takes off

Beta Technologies is preparing for takeoff on Wall Street. The Vermont-based electric aircraft startup has updated its IPO filing, revealing plans to raise up to $825 million at a valuation of up to $7.2 billion.

The company plans to sell 25 million shares priced between $27 and $33 each, with top underwriters including Morgan Stanley, Goldman Sachs, Bank of America, and Jefferies, CNBC reported. The timing is bold — Beta’s debut comes amid a potential government shutdown that could stall a fragile recovery in the IPO market. The SEC has issued guidance allowing deals to proceed even under limited operations, giving Beta a narrow window to launch.

Founded in 2017 by Kyle Clark, a former professional hockey player turned engineer, Beta Technologies has built its reputation on developing electric vertical takeoff and landing aircraft (eVTOLs) designed for clean, quiet, and efficient flight. The company’s engineers hail from a who’s who of aerospace and tech — including the FAA, Tesla, SpaceX, Boeing, Lockheed Martin, and General Electric — bringing deep expertise in flight systems, control software, and propulsion technology.

At the center of Beta’s mission is ALIA, the company’s flagship electric aircraft capable of carrying 1,500 pounds of cargo or up to six passengers. The aircraft has attracted interest from several major partners across logistics, defense, and healthcare. UPS is exploring ALIA for regional cargo transport, United Therapeutics for medical organ delivery, the U.S. Air Force for testing and logistics operations, and Blade Urban Air Mobility for short-range passenger travel.

Beta’s path to profitability is still ahead. The company reported a net loss of $183 million during the first half of 2025, up from $137 million in the same period last year. Revenue more than doubled to $15.6 million, signaling steady growth as its aircraft testing programs expand.

Investor confidence remains strong. In September, GE Aerospace took a $300 million equity stake in the company, joining a growing list of backers betting that electric aviation will define the next era of transportation.

The upcoming IPO puts Beta in the same league as Joby Aviation and Archer Aviation, both of which have seen their market values climb as they ramp up production and partnerships. Archer recently became an official partner for the 2028 Olympics, while Joby deepened its collaboration with L3Harris to integrate eVTOLs into defense applications.

Momentum around the sector has also grown following President Donald Trump’s plans for an eVTOL pilot program, which could accelerate real-world testing and infrastructure development. For now, commercial certification remains the final hurdle — none of the electric aircraft startups have yet received full FAA approval.

Still, the story is shifting from concept to competition. With a billion-dollar runway and a lineup of heavyweight partners, Beta Technologies is making its bet that the future of flight will start vertically — and soon.

Beta Technologies (Credit: Beta)