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Stock impact report

Electric planemaker Beta Technologies raises over $300 million in new funding [Yahoo! Finance]

United Therapeutics Corporation (UTHR) 
Last united therapeutics corporation earnings: 4/29 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.unither.com/investor-relations
Company Research Source: Yahoo! Finance
production of its all-electric fixed-wing and eVTOL aircraft that can takeoff and land vertically. The investment was led by Qatar Investment Authority (QIA), Qatar's sovereign wealth fund, and saw the participation of other investors including Fidelity and TPG. Beta's longtime customer United Therapeutics also joined as an investor. WHY IT'S IMPORTANT The funding could accelerate Beta's progress in the air transport industry as it works to lower carbon emissions. In an effort to reduce its climate impact, the global aviation industry is focusing on the advancement of sustainable aviation fuel and next-generation aircraft powered by electric, hybrid and hydrogen propulsion technologies. Last year, Beta said it was pursuing Federal Aviation Administration (FAA) certification of the CX 300 – a conventional takeoff and landing version of its Alia 250 eVTOL aircraft. BY THE NUMBERS The Vermont-based company raised $318 million in the Series C funding round, bringing the tota Show less Read more
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