According to the latest regulatory filings, GE Aerospace (GE.US) has disclosed a 9.2% stake in U.S. eVTOL aircraft manufacturer BETA Technologies (BETA.US). During BETA Technologies' initial public offering (IPO), GE Aerospace purchased 1,470,589 Class A shares for a total of approximately $50 million. BETA Technologies successfully listed on the NYSE on November 4, with an IPO price of $34 per share, exceeding the previously anticipated range of $27–$33. Besides GE Aerospace, Amazon (AMZN.US) is also a major investor in the company.

BETA Technologies specializes in designing and manufacturing high-performance electric aircraft, advanced electric propulsion systems, components, and charging systems, which it sells to top global operators. The company’s ALIA aircraft platform caters to two variants: the conventional fixed-wing electric aircraft "ALIA CTOL" and the electric vertical takeoff and landing (eVTOL) aircraft "ALIA VTOL." Additionally, BETA Technologies is expanding its charging infrastructure to support the industry, with over 50 operational sites across the U.S. and Canada. The company also offers a military variant of its aircraft, priced between $5 million and $10 million per unit.

Earlier this year, the two companies announced a collaboration to develop a hybrid-electric aircraft, with GE Aerospace investing $300 million in BETA Technologies, signaling its growing interest in advanced aviation and electric mobility. Following the news, BETA Technologies' shares rose 1.12% in pre-market trading.