Amazon has acquired a 5.3% stake in BETA Technologies, an electric aviation company specializing in vertical takeoff and landing planes. This investment, made through its NV Holdings subsidiary, signals Amazon’s continued commitment to green initiatives and a long-term interest in cleaner, faster transportation for its logistics network. Following the announcement, BETA’s stock surged by 17% in after-hours trading.
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Amazon Buys 5.3% Stake in BETA Technologies
Amazon has acquired a 5.3% stake in BETA Technologies, an electric aviation company specializing in vertical takeoff and landing planes. This investment, made through its NV Holdings subsidiary, signals Amazon’s continued commitment to green initiatives and a long-term interest in cleaner, faster transportation for its logistics network. Following the announcement, BETA’s stock surged by 17% in after-hours trading.