financetom
Business
financetom
/
Business
/
Electric aircraft maker Beta Technologies targets IPO as listing season heats up
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Electric aircraft maker Beta Technologies targets IPO as listing season heats up
Sep 29, 2025 6:40 AM

(Reuters) -Electric aircraft maker Beta Technologies filed for an initial public offering in the United States on Monday, the latest company to join the rush to tap a record-breaking bull run in the equity market.

Easing trade tensions, robust stock markets and pent-up investor demand have combined to create one of the busiest windows for listings in years, with technology, aerospace and green energy firms leading the charge.

Beta Technologies designs, manufactures and sells high-performance electric aircraft, advanced electric propulsion systems, charging systems and components.

Electric aviation remains a niche segment of the transportation industry, with only a handful of companies developing and testing commercial aircraft.

The company said, citing internal estimates, that operating costs for its aircraft are 42% lower than conventional planes, thanks to a simplified design.

"Our aircraft's design eliminates the need for complex components such as gear boxes, in-flight liquid cooling systems, and thrust vectoring mechanisms," it added in the IPO prospectus.

Beta Technologies said its ALIA CTOL electric aircraft has completed thousands of flights, covering nearly 83,000 nautical miles, including operations in North America and Europe.

The company's aircraft has also been used by the U.S. military in training missions and flown by the Federal Aviation Administration (FAA).

The broader electric vehicle and technology industries have been in the spotlight for years, drawing investment and fueling growth across the automotive and clean-tech sectors.

Interest, however, has been uneven, with some segments and regions growing rapidly while others face adoption and infrastructure challenges.

Beta Technologies, backed by tech giant Amazon ( AMZN ), did not disclose the size or terms of its offering.

The company is aiming to trade on the New York Stock Exchange under the symbol "BETA."

Morgan Stanley and Goldman Sachs are the lead underwriters of the offering.

(Reporting by Manya Saini in Bengaluru; Editing by Shilpi Majumdar and Anil D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Citi reaches settlement with Montreal Exchange on options reporting
Citi reaches settlement with Montreal Exchange on options reporting
Jul 19, 2024
(Reuters) -Citigroup reached an agreement with the Bourse de Montreal to resolve allegations that it failed to report positions on options contracts exceeding a certain threshold, the exchange said on Thursday. The bank failed to establish and maintain a system to supervise employees to comply with reporting rules, the exchange said, adding that Citi will pay a $138,000 fine and...
Colombia's Ecopetrol in talks to buy CrownRock stake from Occidental
Colombia's Ecopetrol in talks to buy CrownRock stake from Occidental
Jul 19, 2024
BOGOTA (Reuters) - Colombia's majority state-owned energy company Ecopetrol said on Friday that it is in talks with U.S. oil major Occidental Petroleum to possibly buy a stake in CrownRock. Ecopetrol, in a statement, did not include additional details and added that a final decision on the size of the stake and the amount it could pay were subject to...
Molina Healthcare Unit Awarded Florida Medicaid Contract
Molina Healthcare Unit Awarded Florida Medicaid Contract
Jul 19, 2024
09:48 AM EDT, 07/19/2024 (MT Newswires) -- Molina Healthcare ( MOH ) said Friday that the Florida Agency for Healthcare Administration has awarded its Molina Healthcare of Florida unit a new Medicaid managed care contract. Molina said the contract award specifies that it would serve 90,000 Medicaid beneficiaries in Florida's Miami-Dade and Monroe Counties. The contract is slated to take...
Biden briefed on CrowdStrike outage, White House says
Biden briefed on CrowdStrike outage, White House says
Jul 19, 2024
WASHINGTON, July 19 (Reuters) - U.S. President Joe Biden has been briefed on the CrowdStrike ( CRWD ) global tech outage that disrupted operations across multiple industries on Friday, a White House official said. His team is engaged across the interagency to get sector by sector updates throughout the day and is standing by to provide assistance as needed, the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved