Aerospace manufacturer BETA Technologies' electric aircraft, ALIA, is seen at John F. Kennedy Airport in New York City, U.S., June 3, 2025. It is the first Advanced Air Mobility flight into JFK Airport.
Beta Technologies updated the prospectus for its initial public offering on Wednesday, setting a price range that could value the company at $7.2 billion at the top end.
The electric aircraft maker said it plans to sell 25 million shares at $27 to $33 each. The deal would raise as much as $825 million.
The planned offering comes amid a dayslong government shutdown that threatens to stall a healthy resurgence in IPO activity following a multi-year drought. Earlier this month, the SEC shared guidance to allow IPO proceedings to continue despite reduced operations.
Beta joins a growing list of electric aircraft makers that have taken a shot at public markets as the technology gains steam.
Key players Joby and Archer Aviation have accelerated in value this year as they beef up production and ink new partnerships at home and abroad. The sector has also gotten a boost from President Donald Trump's plans for an eVTOL, or electric vertical takeoff and landing, pilot program.