Electric Plane-Maker Beta Technologies Seeks $825 Million in IPO
A BETA ALIA-250 EVA electric vertical take-off and landing (eVTOL) aircraft during a test flight in West Harrison, New York, in 2023.
Photographer: Tiffany Hagler-Geard/BloombergBeta Technologies Inc., a company making electricity-powered aircraft, is seeking to raise as much as $825 million in an initial public offering, proceeding despite the US government shutdown.
The company plans to market 25 million shares for $27 to $33 each, according to its filing Wednesday with the US Securities and Exchange Commission.