BETA Technologies (BETA) Stock: Goldman Sachs Taps Flying-Car Maker as Top Pick After $1B Deal

TLDR

• Goldman Sachs initiated coverage on BETA Technologies with a “Buy” rating, naming it their top pick in the electric vertical takeoff and landing space
• BETA secured a major supply deal with Eve Air Mobility worth up to $1 billion over 10 years to provide pusher motors for 2,800 eVTOL air taxis
• The stock surged 8% following the motor supply announcement, which could be transformational given BETA’s 2024 revenue was only $15 million
• Goldman values BETA’s vertically integrated business model and stepwise certification approach, while rating competitors Archer and Eve as “Neutral” and Joby as “Sell”
• BETA raised over $1 billion through its November IPO and has secured charging infrastructure deals including a contract with Abu Dhabi Airports for deployment in 2026

BETA Technologies went public last month at $34 per share. The company raised over $1 billion through an upsized initial public offering that saw strong investor demand.

BETA Technologies, Inc., BETA

The stock now trades on the New York Stock Exchange under ticker symbol BETA. Goldman Sachs and Morgan Stanley served as lead underwriters for the November debut.

Goldman Sachs recently initiated coverage on BETA with a “Buy” rating. The investment firm named it their top pick in the electric vertical takeoff and landing space.

The rating came with a dose of skepticism for competitors. Goldman assigned “Neutral” ratings to Archer Aviation and Eve Holding while giving Joby Aviation a “Sell” rating despite its industry leadership.

Goldman analyst Anthony Valentini pointed to BETA’s unique approach. The company focuses on a stepwise certification strategy that brings forward revenue and accelerates learning without sacrificing the eVTOL timeline.

BETA operates as both an aircraft manufacturer and parts supplier. Goldman views this as the most attractive business model in aviation.

The company has partnered with General Electric to develop a hybrid vehicle for defense applications. It also sells motors and chargers to competitors, helping achieve scale.

Major Supply Deal Sends Stock Soaring

BETA announced a game-changing deal on Tuesday morning. The company will provide pusher motors for electric vertical takeoff and landing air taxis being developed by Eve Air Mobility.

Eve currently has a backlog of 2,800 eVTOLs. The deal represents a potential 10-year opportunity worth up to $1 billion for BETA.

The stock jumped more than 8% on the news. Investors recognized the transformational nature of the contract given BETA’s 2024 revenue was barely over $15 million.

The collaboration follows an initial evaluation phase where Eve tested the motors in a prototype. That craft is expected to make its first flight in late 2025 or early 2026.

BETA founder and CEO Kyle Clark highlighted the motors’ proven track record. He noted they have demonstrated high performance and reliability in thousands of real-world operations across the globe.

The company’s manufacturing capability will allow it to deliver systems at scale. This matters for supporting Eve’s aircraft production plans.

Technology and Infrastructure Expansion

BETA is ramping up its autonomous flight technology development through a partnership with Near Earth Autonomy. The company has logged over 1,000 hours of uncrewed flights on subscale aircraft.

These flights demonstrated a range exceeding 158 nautical miles on a single charge. Flight testing of integrated autonomous systems is expected to begin in the first half of 2026.

The autonomous capability will allow BETA aircraft to fly faster and carry heavier payloads. Current piloted aircraft can carry up to 1,240 pounds or five passengers, but removing the pilot nearly doubles that capacity.

BETA secured a contract with Abu Dhabi Airports to deploy charging systems across the emirate’s air mobility network. The company will install its Charge Cube and Battery Thermal Management System at Al Bateen Executive Airport and Zayed International Airport.

The deployment supports the region’s first electric vertical takeoff and landing flights expected in 2026. This marks another step in BETA’s international expansion beyond its network of over 50 charging sites across the United States and Canada.

Analysts tracking BETA stock forecast revenue to increase from $30 million this year to $2.8 billion in 2029. The company’s free cash outflow is projected to exceed $1.4 billion through 2028, indicating BETA will need to raise additional capital.

Three out of four analysts covering the stock give it a “Strong Buy” rating. The remaining analyst rates it a “Hold.”

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