Electric aircraft startup Beta Technologies seeks to raise $825M in IPO

Core Insights - Electric aviation startup Beta Technologies is aiming to raise up to $825 million through its initial public offering (IPO), with share prices set between $27 and $33, leading to a potential valuation of approximately $7.2 billion if investors buy at the top of the range [1] Company Overview - Founded in 2017 by CEO Kyle Clark, Beta Technologies is based in Vermont and has opted for a unique funding strategy, avoiding venture capital and instead raising $1.15 billion from institutional investors such as Fidelity and Qatar Investment Authority [2][3] Recent Developments - Beta Technologies recently announced a strategic partnership with GE Aerospace to develop a hybrid-electric turbogenerator for next-generation aircraft, with GE Aerospace committing to invest $300 million and take a stake in the company [4]