Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Electric aviation company Beta Technologies aims to secure $825 million through an initial public offering

Electric aviation company Beta Technologies aims to secure $825 million through an initial public offering

Bitget-RWA2025/10/16 06:27
By:Bitget-RWA

Beta Technologies, an electric aviation company, has set its IPO share price range between $27 and $33, aiming to secure up to $825 million, as detailed in a filing with the U.S. Securities and Exchange Commission. Should the offering reach the upper end of this range, the company would launch with an estimated valuation of $7.2 billion.

Founded in 2017 in Vermont by its elusive CEO Kyle Clark, the company submitted its IPO documents on Wednesday, despite the ongoing government shutdown. Earlier this month, the SEC provided guidance that enables companies awaiting IPO approval to have certain statements, such as share pricing, become automatically effective after 20 days, even without direct SEC staff review. Other firms, including Navan, have also moved forward with their IPOs under this provision.

Clark, who holds a Harvard degree and has a background as a professional hockey player and flight instructor, has taken an unconventional approach to entrepreneurship. Rather than heading to Silicon Valley, he remained in his Vermont hometown and chose a unique route for financing Beta’s electric aircraft development. The company has not relied on venture capital, instead raising $1.15 billion from institutional backers such as Fidelity and the Qatar Investment Authority.

In the previous month, Beta Technologies revealed a partnership with GE Aerospace to co-develop a hybrid-electric turbogenerator for future aircraft models. As part of this collaboration, GE Aerospace agreed to acquire a stake in Beta and invest $300 million.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

FF - 310.94% decrease in 24 hours following a turbulent 7-day increase of 2342.59%

- FF token plunged 310.94% in 24 hours after a 2342.59% 7-day surge, highlighting extreme volatility. - The sharp correction reflects speculative retail trading and algorithmic patterns, with no stable price anchors. - A 3691.77% 30-day drop and 5654.36% annual depreciation reveal structural bearishness and lack of long-term investor confidence. - High leverage and short-term trading dominate FF's dynamics, contrasting with fundamental value-driven markets.

Bitget-RWA2025/10/16 08:14

WAL surged by 535.79% within 24 hours as a result of significant rapid gains.

- WAL surged 535.79% in 24 hours on Oct 16, 2025, becoming the top-performing token in its market segment. - The token gained 811.18% in 7 days and maintained 46.06% growth over 1 month and 1 year, showing sustained momentum. - Technical indicators confirm no reversal signals, suggesting WAL's rapid gains reflect growing investor demand and confidence.

Bitget-RWA2025/10/16 07:08