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Beta Technologies has filed an S-1 form with the U.S. Securities and Exchange Commission, giving notice of its intention to raise equity capital through an initial public offering (IPO). The filing on September 29 does not indicate when an unspecified number of Class A shares will be issued or give estimated pricing, but it does reveal some interesting aspects of the U.S. start-up’s ambitions beyond its current Alia family of electric aircraft.
Intriguingly, the S-1 filing shows a design for a 19-passenger fixed-wing aircraft that appears intended for regional airline services. The unnamed design is expected to be powered by Beta’s design for its H500A 427-kilowatt electric motor, which has a 455-kilowatt sibling intended for other VTOL applications.
In addition to the Alia 250 eVTOL and longer-range CX300 conventional takeoff and landing models, Beta has firmed up plans for an autonomous, hybrid-electric VTOL aircraft referred to as the MV250. The U.S. military is cited as a likely customer for the vehicle with an anticipated payload of 2,000 pounds and range of 250 nm at a projected price of between $5 million and $10 million.
Beta’s S-1 submission also informs prospective investors about its battery technology and electric charging equipment. The company stated that it views the total addressable market for electric and hybrid-electric aircraft to amount to around 60,000 units through 2035, with an assumed value of $250 billion based on a unit price of $4 million.
According to Beta, it now estimates that the CX300 aircraft will achieve type certification in late 2026 or early 2027, with launch customer Bristow already conducting flight trials in Norway. The Alia 250 eVTOL vehicle is expected to follow 12 months later.
Beta’s low-key IPO initiative follows closely on a pair of partnership announcements with General Dynamics and GE Aerospace. The latter of these aerospace and defense industry giants announced a $300 million investment in the company on September 4.