Kyle Clark, founder and CEO of Beta Technology, will ring the opening bell on the New York Stock Exchange on November 4, 2025.
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Beta Technology traded at $34 on the New York Stock Exchange on Tuesday, also on Tuesday.
Company on Monday Shares priced at the IPO are $34 eachover it Expected range from $27 to $33. Beta said it sold 29.9 million shares, worth more than $1 billion. It has been below 5% since opening.
Beta’s IPO bid for Federal Aviation Administration approval marks a major challenge for the small but competitive electric vertical lift (EVT) industry. Currently liked from Nasectrican Market Juman aviation again Archer aviationand Promone says the technology will ease air congestion.
Beta IPO ProspectusThe company, as one of its customers, is equipped with ground support equipment, primarily chargers. Beta says its chargers are installed in 51 US locations.
However, there is very little business at the moment. Beta’s net loss in the first half of the year was 137.1 mln. He said that it has expanded from 183.2 million dollars to 183.2 million dollars. Revenue was $15.6 million, up from $7.6 million a year ago. Beta was created in 2017.
Kyle Kailar, who is also a test pilot for Beta, told CNBC on Tuesday that it is conducting “reverse termination” missions for the US military. He said he expects the company to achieve full FAA certification for commercial operations within 30 months
Clark said the company must demonstrate manufacturing and operations achievements and a pipeline to provide “core business reasons for entering the public markets.”
The beta will go public when the government extends the extension that began in early October. The Securities and Exchange Commission operates with a limited staff.
Still, Clarke said the company decided to “keep the train on the tracks” and continue during the suspension.
Amazon again General Electric Two of the company’s leading investors, respectively, are leading investors, respectively, before the IPO. GE Aerospace said In September, it raised $300 million in beta. Amazon first built Beyond its climate bond fund in 2021, the effort is to “get to net-zero carbon by 2040.”
Shares of rival Evtol, Job and Archer fell 9% and 6% respectively. Both companies nearly tripled last year.
View: CEO of Beta Technologies on the company’s market debut
