Beta Technologies IPO could value electric air taxi maker at $7.2 billion

Company Overview - BETA Technologies is an aerospace manufacturer specializing in electric aircraft, with its model ALIA recently making its first Advanced Air Mobility flight into JFK Airport [1] - The company has updated its prospectus for an initial public offering (IPO), setting a price range that could value it at $7.2 billion at the top end [1] IPO Details - BETA Technologies plans to sell 25 million shares priced between $27 to $33 each, potentially raising up to $825 million [1] - The IPO is occurring during a government shutdown that may impact the resurgence of IPO activity, although the SEC has provided guidance to allow IPO proceedings to continue [2] Industry Context - BETA Technologies is part of a growing list of electric aircraft manufacturers entering public markets as the technology gains traction [2] - Competitors like Joby and Archer Aviation have seen increased valuations this year due to enhanced production capabilities and new partnerships [3] - The electric vertical takeoff and landing (eVTOL) sector is receiving additional support from government initiatives, including plans from President Donald Trump [3]