BETA Technologies made its debut on the New York Stock Exchange on Tuesday, closing at $36 per share, up 5.88% from the previous day.
According to Zhitong Finance APP, the electric Vertical Takeoff and Landing (eVTOL) industry has reached a pivotal moment as BETA Technologies (BETA.US) made its debut on the New York Stock Exchange on Tuesday, November 4, 2025. The company’s stock closed at $36 per share, up 5.88% on the first trading day. Prior to the listing, the company had priced its IPO at $34 per share, surpassing the previously estimated range of $27-$33. According to the prospectus, the IPO issued 29.9 million shares, raising over $1 billion in funding, with the company valued at approximately $7.4 billion.
This market capitalization has surpassed that of Archer Aviation (ACHR.US), another leading player in the eVTOL sector valued at $6.1 billion, and is more than half the valuation of the industry leader Joby Aviation (JOBY.US), which stands at $13 billion. This IPO represents the largest public offering to date in the low-altitude economy space—Joby Aviation's valuation at the time of its IPO was only $4.5 billion—and marks a milestone event for the global low-altitude economy, particularly the eVTOL sector.
As a key participant in the eVTOL field, BETA’s listing process is considered a critical test for whether this emerging industry can obtain certification from the Federal Aviation Administration (FAA)—currently led by companies such as Joby Aviation, while Archer Aviation supporters claim that the technology could help alleviate air traffic congestion.
Notably, BETA listed Archer Aviation as one of its customers for ground support equipment (mainly including chargers) in the prospectus, revealing that its charging stations have been deployed across 51 locations in the United States.
From a financial perspective, however, the company remains in its early stages: its net loss for the first half of 2025 widened from $137.1 million in the same period in 2024 to $183.2 million, while revenue doubled from $7.6 million to $15.6 million.
Founded in 2017, BETA is led by founder and CEO Kyle Clark, who also serves as a test pilot. In an interview on the day of the listing, he revealed that the company’s aircraft are currently performing “back-end” missions for the U.S. military, with full commercial FAA certification expected within approximately 30 months.
Clark emphasized that the company must demonstrate success in production operations and secure sufficient order volume to provide a fundamental business rationale for entering the public market. The listing occurred during a U.S. government shutdown—which began in early October and caused staffing shortages at the Securities and Exchange Commission (SEC)—but BETA chose to “maintain normal operations.”
Among its investors, Amazon (AMZN.US) and General Electric are major shareholders, holding 10.2% and 6.3% stakes respectively prior to the IPO. GE Aerospace announced an additional $300 million investment in September 2025, while Amazon initially invested in BETA through its Climate Pledge Fund in 2021, which falls under Amazon's initiative to achieve net-zero carbon emissions by 2040.
In industry comparisons, the share prices of eVTOL competitors Joby Aviation and Archer Aviation fell by 9% and 6%, respectively, on the day of BETA's IPO, despite both companies' market capitalizations having nearly tripled over the past year.