Added to YB: 2026-06-24
Pitch date: 2026-06-22
BETA [bullish]
BETA Technologies, Inc.
Author Info
EAA Partners shares insights and investment theses on global companies, driven by in-depth research and long-term conviction. Sign up for the newsletter.
Company Info
BETA Technologies, Inc., an electric aerospace company, designs, manufactures, and sells electric aircraft, electric propulsion systems, components, and charging systems worldwide.
Market Cap
$3.6B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.66
P/E
-1.91
EV/Sales
62.10
Sector
Aerospace and Defense
Category
special_situation
BETA Technologies, Inc. - $BETA
BETA: Vertically-integrated electric aerospace; thesis is aftermarket capture (~$13M/aircraft, ~3x sale price, 60-70% margins). $3.9B backlog (289 firm), $1.59B cash, GE/Amazon/UPS partners. eCTOL Part 23 cert pathway less risky vs eVTOL peers. Hinges on late-2026 FAA cert; continued-rotation testing negotiation is key risk—slip to 2027-28 pressures cash. Base case FY28 ~$353M rev/$60M EBITDA; bull ~$650M/$250M. Pre-revenue, decade-long aftermarket thesis unverifiable till 2030. Asymmetric for patient capital.
Read full article (31 min)