Beta Technologies Files for IPO after Heavy Losses of $610M

Beta Technologies, a Vermont-based electric aircraft developer, has officially filed for an initial public offering (IPO) on the New York Stock Exchange, with plans to trade under the ticker symbol "BETA". 

The company has not revealed an expected timeline or offering size.

Beta has reported substantial losses in recent years, including $158 million in the first half of 2025, with $116 million attributed to R&D expenses, following losses of $276 million in 2024 and $176 million in 2023.

As of June 2025, Beta held $175 million in cash and cash equivalents.

Beta Technologies specializes in electric vertical takeoff and landing (eVTOL) and conventional takeoff and landing (CTOL) aircraft, primarily for cargo, logistics, medical, and military missions.

The IPO aims to raise capital to develop and commercialize Alia, small electric aircraft models.

The Alia CX300 is a five-passenger CTOL aircraft capable of flying up to 116 nautical miles at 135 knots (around 250 kilometers per hour).

The Alia A250 is an eVTOL variant, with range details undisclosed.

Looking ahead, Beta plans to develop a 19-passenger aircraft and expand revenue by selling replacement batteries, propulsion systems, ground equipment, and support services.

Positioned in the growing sustainable electric aviation sector, Beta competes with companies like Joby Aviation, which recently partnered with Uber Technologies to integrate Blade Air Mobility’s helicopter and seaplane services into the Uber app.

Joby plans to launch the eVTOL service in 2026, starting in Dubai, New York, Los Angeles, the United Kingdom, and Japan.

Photo by Job Vermeulen on Unsplash