Beta Technologies just cranked up the heat on its IPO, setting a new price range that could value the electric aircraft maker at $7.2 billion. The Vermont-based company updated its prospectus Wednesday, targeting $27-33 per share for 25 million shares in what's shaping up as one of the biggest eVTOL public debuts yet.
Beta Technologies just made a bold bet on investor appetite for electric aviation. The company updated its IPO prospectus Wednesday, setting a price range of $27-33 per share that could value the Vermont-based aircraft maker at $7.2 billion at the top end.
The move puts Beta squarely in competition with publicly-traded rivals Joby Aviation and Archer Aviation, both of which have seen their valuations soar this year as the electric vertical takeoff and landing (eVTOL) sector gains momentum. Beta's 25 million share offering could raise as much as $825 million, giving the company significant runway to scale production of its ALIA aircraft.
The timing is particularly aggressive given the ongoing government shutdown threatening to stall what's been a healthy resurgence in IPO activity. But the SEC issued guidance earlier this month allowing IPO proceedings to continue despite reduced operations, clearing the path for Beta's public debut.
"We've been preparing for this moment for years," according to sources familiar with the company's IPO planning. The updated pricing reflects growing confidence in the eVTOL market, which got a major boost from President Trump's announced pilot program for electric aircraft testing.
Beta's financials tell the typical pre-revenue startup story - big losses but accelerating growth. The company reported a $183 million net loss for the first six months of 2025, up from $137 million in the same period last year. But revenues more than doubled to $15.6 million from $7.6 million, suggesting real customer traction.
The competitive landscape has been heating up fast. Joby recently locked in as an official partner for the 2028 Olympics, while Archer announced a partnership with defense contractor L3Harris. Both companies have seen their stock prices accelerate as they beef up production and ink international partnerships.
Beta's got some serious institutional backing heading into the IPO. Last month, GE Aerospace announced a $300 million investment and equity stake in the company, signaling confidence from one of aviation's biggest players. That investment likely helped justify the aggressive valuation target.
The underwriter lineup reads like a who's who of Wall Street: , , and are all backing the deal. That level of support suggests strong institutional demand despite the company's lack of profitability.
