Electric Flying Taxi Stocks Lose 290 Billion Won in a Day

Electric aircraft startup BETA Technologies Inc. (NYSE: BETA) closed at $15.76 on the New York Stock Exchange on March 17, down 6.47% from the previous session. Trading volume totaled approximately 1.16 million shares, and the company’s market capitalization slipped to about $3.49 billion, wiping out roughly $210 million in value in a single day.

Recently, BETA entered a strategic partnership with Surf Air Mobility—aiming to commercialize electric passenger flights in Hawaii—securing firm orders for 25 Alia electric aircraft and options for up to 75 more. On March 9, the company was simultaneously selected for seven projects under the U.S. Department of Transportation and FAA’s eVTOL Integration Pilot Program. Last month, Amazon disclosed a new 5.3% stake in BETA, triggering a short-term surge in its share price.

Headquartered in South Burlington, Vermont, BETA manufactures electric aircraft for cargo, medical, passenger, and military missions. Its product lineup includes the CX300 electric fixed-wing aircraft, the Alia A250 eVTOL, and the MV250 military variant, alongside the necessary charging infrastructure. In its November 2025 IPO on the NYSE, BETA raised over $1 billion, valuing the company at approximately $7.4 billion. For the full year 2025, it generated $35.6 million in revenue and reported a net loss of $746 million, typifying a high-growth, pre-profit venture.