Electric aircraft startup Beta Technologies seeks to raise $825M in IPO to boost next-gen aviation.
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Beta Technologies Eyes $825M IPO
Electric Aircraft Startup Beta Technologies Seeks To Raise $825M In IPO Electric aircraft startup Beta Technologies seeks to raise $825M in IPO , aiming to solidify its position as a leader in sustainable aviation. The company has priced its shares between $27 and $33, according to a filing with the U.S. Securities and Exchange Commission (SEC). If shares sell at the top of that range, Beta’s valuation could soar to around $7.2 billion. Image Credits:Beta Technologies A Milestone Moment For Electric Aviation Founded in 2017 by CEO Kyle Clark, Beta Technologies has steadily built momentum in the race to electrify flight. Despite the ongoing government shutdown, the Vermont-based company filed its IPO paperwork, taking advantage of new SEC guidance that allows certain IPOs to move forward automatically after 20 days — even without staff review. Several other startups, including Navan, are also leveraging this rule to push ahead with public offerings amid regulatory delays. A Different Path To …
