Beta Technologies, Inc. Class A Common Stock (BETA)

In a move that underscores its commitment to revolutionizing the global supply chain through sustainable innovation, Amazon.com, Inc. (NASDAQ: AMZN) has officially disclosed a 5.3% ownership stake in the electric aviation pioneer Beta Technologies (NYSE: BETA). The revelation, made public through a Schedule 13G filing with the Securities

BETA Technologies (NASDAQ: BETA) stock is surging Wednesday after Amazon.com Inc. (NASDAQ: AMZN) disclosed a new stake in the company during extended trading hours on Tuesday.

In a filing with the U.S. Securities and Exchange Commission, Amazon disclosed a 5.3% stake in Beta Technologies.

Denver-based Voyager Technologies delivers advanced defense systems and space solutions to government and commercial clients worldwide.

This electric aviation company develops aircraft, propulsion systems, and charging solutions for commercial and defense markets.

Talking about shopping and electric vertical takeoff and landing (eVTOL) aircraft.

The company signed a supply arrangement that might last for a decade.

The company hopes to be a big player in the air taxi market.

On its first day of trading, Beta Technologies (NYSE: BETA) has made a remarkable debut, raising $1 billion and closing in the green.