BETA | Market Cap: $4.0B (07/13/26)
Industry:
Aerospace & Defense

DESCRIPTION

BETA Technologies designs and builds electric aircraft and the propulsion systems that power them. BETA's primary products are two variants of the ALIA electric aircraft: the ALIA CTOL (CX300), a conventional takeoff and landing aircraft carrying up to six passengers or cargo on missions of up to ~215 nautical miles, and the ALIA VTOL (A250), a vertical takeoff and landing aircraft targeting cargo, medical, and passenger missions from locations without runway access. Neither aircraft has yet received FAA Type Certification; BETA is targeting motor certification in H1 2026, CTOL certification ~12 months later, and VTOL certification ~12 months after that. BETA's go-to-market strategy enters cargo and logistics first, then medical, then passengers — sequencing designed to build FAA trust and reduce certification risk. BETA's business model spans the full aircraft lifecycle: aircraft sales are targeted at ~$4M–$4.5M per unit, but battery replacements — needed every 12–24 months — are estimated at ~$13M per aircraft over 20 years, roughly 3x the initial sale price. BETA owns the IP for and manufactures its own batteries, motors, and flight control systems, which positions it to capture that aftermarket revenue. BETA also sells its H500A electric motor to other OEMs as a merchant supplier, with a $1B+ supply contract with EVE Air Mobility as the primary example. Charging infrastructure — sold to airports, fixed base operators, and governments — rounds out the business, with 56 locations deployed globally. BETA has a civil aircraft backlog of 891 aircraft worth $3.47B, with customers including UPS, United Therapeutics, and Air New Zealand.

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