Beta Technologies IPO Could Value Electric Air Taxi Maker at $7.2 Billion

Beta Technologies revised its initial public offering prospectus on Wednesday, setting a share price range that would place the electric aircraft developer’s valuation at as much as $7.2 billion at the top of the range. The company intends to offer 25 million shares priced between $27 and $33 apiece, a sale that could raise up to $825 million.

The filing arrives amid a multi-day U.S. government shutdown that risks slowing a nascent rebound in IPO activity following several lean years; earlier this month the Securities and Exchange Commission issued guidance permitting IPO processes to proceed despite reduced operations. Beta is joining a cohort of electric vertical takeoff and landing manufacturers pursuing public markets as commercial momentum in the sector builds. Established peers such as Joby and Archer Aviation have seen valuations advance this year while expanding production and signing partnerships internationally, and the industry has also received stimulus from President Donald Trump’s proposal for an eVTOL pilot programme.

Beta has not yet reported a profit. The company recorded a net loss of $183 million in the first half of the year, wider than the $137 million loss in the same period a year earlier, while revenue rose to $15.6 million from $7.6 million year-on-year. Last month GE Aerospace disclosed a $300 million investment in Beta and took a stake in the company. Morgan Stanley, Goldman Sachs, Bank of America and Jefferies are listed as underwriters for the offering.