Amazon Discloses 5% Stake in Beta Technologies, Stock Jumps 25% After Hours

Overview

• An SEC filing showed Amazon holds 11.8 million Beta shares, roughly 5% of the company, after first backing it in 2021 through the Climate Pledge Fund.
• Beta shares rose 25.5% in extended trading to $21.04 from a $16.77 close, with pre-market gains continuing on Wednesday.
• The company went public in November 2025 at $34 per share and was down about 41% year-to-date before the disclosure, leaving the stock below its IPO price.
• Beta develops ALIA electric aircraft in CTOL and VTOL variants and operates more than 50 charging sites across the U.S. and Canada, competing with Joby and Archer as GE Aerospace collaborates on propulsion.
• Neither company commented on the disclosure, the filing outlined no plans for the stake, and analysts maintain mostly Buy ratings with a $34.43 average price target.