Beta Technologies is hoping to raise as much as $825 million in its initial public offering, according to documents filed this week with the U.S. Securities and Exchange Commission.
The electric aviation company is offering 25 million shares for between $27 and $33 apiece. If traded at top value, Beta would debut on the New York Stock Exchange with a valuation of about $7.2 billion, market reports say.
The company, which is based at the Patrick Leahy Burlington International Airport in South Burlington, hopes to trade under the ticker symbol “BETA,” the filing says. It will become one of the state’s few publicly traded companies.
The pivotal moment for the tech startup comes amid a government shutdown that has furloughed thousands of federal employees, including most workers at the SEC. Earlier this month, the agency released guidance that allows IPOs to proceed.
Founded in 2017, Beta is aiming to become one of the first U.S. companies to produce small electric and hybrid-electric aircraft that are eventually intended to take off vertically. The company hopes to win Federal Aviation Administration approval for its conventional-flight prototype, Alia, by the end of 2026 or early 2027.
The aircraft are expensive to produce, and Beta has yet to make a profit. The company reported net losses of $176 million in 2023 and $276 million last year. During the first half of 2025, Beta reported $15 million in revenue and $159 million in losses.
But the company has also proven an effective fundraiser, raking in more than a billion dollars in private capital in recent years, including from Amazon and GE Aerospace.
Morgan Stanley and Goldman Sachs are the lead underwriters for Beta’s market debut. Beta CEO and founder Kyle Clark will remain the controlling shareholder after the IPO, the filing says.
Company representatives did not immediately return a request for comment.