Electric Startup Beta Technologies Raises $1B In Upsized IPO

Beta Alia

Production of precertification aircraft has allowed Beta to understand the cost of its materials bill.

Credit: Beta Technologies
Beta Technologies has listed on the New York Stock Exchange through an initial public offering that soared past expectations by raising more than $1 billion as the electric aircraft startup sold more shares at a higher price than anticipated. The company sold almost 29.9 million shares at a price to...
Graham Warwick

Graham leads Aviation Week's coverage of technology, focusing on engineering and technology across the aerospace industry, with a special focus on identifying technologies of strategic importance to aviation, aerospace and defense.

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