Shares of Beta Aviation Electric Technology took flight Tuesday as the company made its debut on the New York Stock Exchange with a $1 billion and closing share price.
The company is based in Vermont Stock Value In the IPO at $ 34, above the range of $ 27 to $ 33. Beta technology sold 29.9 million shares to add $ 1 billion more than the value of $ 7.4 billion.
After trading began, Beta Technologies stock dipped before recovering and eventually closing at $36.
Market Technologies Market Market is the starting point for founder and CEO KYLE Clark’s approach to building an airline company. Clark, a famous former Harvactor hockey player and pilot instructor, founded beta technology in 2017. He did not take The typical path of a startup founderucchewing Silicon Valley for hometowns and bypassing venture capital. However, Beta has raised funds – for $1.15 billion – from institutional investors like the Qatar Investment Authority. Amazon and General Electric are among beta’s biggest investors.
In another uncommon move, the company filing its IPO papers is killing the government. The US Securities and Exchange Commission issued guidance last month that allows IPPS companies, including stock prices, to become automatic after 20 days, even if there are no staff members automatically. Some other companies, Including Navanhas been pressed with an IPO plan under this rule.
The decision to continue the guidance in this section will mean a 20-day road with investors, Clark told Techcrunch, adding that the bank’s advisers told him that there was a danger.
“And I said, ‘You know what it’s really not. I know the more time I spend with investors, the better it’s going to be in beta,'” Clark said in an afternoon interview. “As people began to dig deep into the technology and strategy, we got stronger and stronger, and the oversubscripy spoke for itself.”
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His hope, he told Techcrunch, is for steady, slow growth in the stock, not a wild, uncontrolled pop.
Now Clark says he’s refocusing on the company, including commercial certification of the electric plane with the Federal Aviation Administration.
Beta aims to be an OEM for the aviation sector. The company has planned two electric planes. The conventional electric plane, called Alia CX300 Ectol, is designed for regional flights. The vertical take-off and electric landing aircraft, called the Alia A250 evtol, is designed for urban environments.
Beta has also created a business of charging ev aircraft, which is the flight box as a customer.
Beta IPO Regular Document Show the income that has generated a profit but is still not profitable. Beta brought in $ 15.6 million in the first half of 2025, doubling the tale from the same period in 2024. The net loss has also grown by approximately $ 183 million in the first six months of the year.