BETA Technologies (BETA) shares jumped in after-hours trading Tuesday following a regulatory filing showing that Amazon.com (AMZN) has taken a 5.3% stake in the electric aviation firm.
According to a Schedule 13G filed with the Securities and Exchange Commission, Amazon (AMZN) beneficially owns 11,753,896 shares of BETA Technologies’ Class A common stock and has sole voting and investment power regarding the shares held by NV Holdings.
BETA Technologies (BETA) shares rose 17% post-market.
