Beta Technologies ends first day on NYSE in the green and $1B raised

Shares of electric aviation startup Beta Technologies took flight Tuesday after the company made its debut on the New York Stock Exchange at $1 billion and a stock price that closed.

Vermont based company Valued shares At $34 at its IPO, it is above its forecast range of $27 to $33. Beta Technologies sold 29.9 million shares to raise another $1 billion at a $7.4 billion valuation.

Once trading began, shares of Beta Technologies fell before recovering and eventually closing at $36.

Beta Technologies’ public market debut is a capstone to founder and CEO Kyle Clark’s unconventional approach to building an aviation company. Clark, a Harvard-educated former professional hockey player and pilot instructor, founded Beta Technologies in 2017. He did not accept The typical path of a startup founderLeaving Silicon Valley for his Vermont hometown and bypassing venture capital. Instead, Beta raised funding — $1.15 billion — from institutional investors such as Fidelity and the Qatar Investment Authority. Amazon and General Electric are Beta’s biggest investors.

In another unusual move, the company filed its IPO papers despite the government shutdown. The U.S. Securities and Exchange Commission last month issued guidelines that allow companies in IPO limbo to issue statements with share prices, which become effective automatically after 20 days, even without review by SEC staff. Several other companies, including NavanUnder these rules the IPO plan has gone ahead.

A decision to proceed under this SEC guidance would mean a 20-day roadshow with investors, Clark told TechCrunch, adding that bank advisers told him it was risky to stay on the road that long.

“And I said, ‘You know what? Not really. I think the more time we spend with investors, the better it will be for Beta,'” Clark said in an interview Monday evening. “We’ve gotten stronger and stronger as people started digging deeper into the technology and strategy, and our oversubscription speaks for itself.”

His hope, he told TechCrunch, is for steady and slow growth in the stock, not a wild, uncontrolled pop.

Now Clark says he’s focused on the company with commercial certification of its electric aircraft with the Federal Aviation Administration.

Beta wants to be an OEM for the aviation sector. The company has designed two electric aircraft. Alia CX300 eCTOL is a conventional electric aircraft designed for regional flights. An electric vertical takeoff and landing aircraft, called the Alia A250 eVTOL, is designed for urban environments.

Beta has also built an EV aircraft charging business, of which Archer Aviation is a customer.

better IPO Governing Documents Show it has generated revenue but is not yet close to profitability. Beta brought in $15.6 million in the first half of 2025, double the revenue from the same period in 2024. Its net loss also rose by nearly a third to $183 million in the first six months of the year.