Wheels Up Partners is the private-aviation business behind the Wheels Up brand, offering on-demand charter and membership access to private aircraft. It operates a connected platform with fleet and charter network access, including Delta partnership services.
UpMarket does not offer Wheels Up shares. This page covers Wheels Up's history before it went public.
Status
Public
NYSE: UP, since Jul 2021
Last Private Valuation
Not confirmed
Not confirmed by two independent reputable sources
How to Review Wheels Up's Pre-IPO History on UpMarket
Wheels Up became a public company in July 2021 and trades on NYSE as UP. UpMarket does not offer Wheels Up shares. This page covers Wheels Up's valuation and funding history before it went public.
Step 01
Check the listing details
Wheels Up listed on NYSE under the ticker UP in July 2021.
Step 02
Review the valuation history
See how Wheels Up's private-market valuation changed across funding rounds before it went public.
Step 03
Review funding and revenue data
See reported funding rounds and revenue figures on this page, with their sources.
Step 04
Explore private companies
Accredited investors can review UpMarket's current pre-IPO offerings in companies that have not yet gone public.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Wheels Up Partners Revenue and Growth
Annual revenue
Why Investors Are Watching Wheels Up Partners
Growth Signal
Q1 2025 revenue fell 5%, but gross bookings rose 10%
Wheels Up reported Q1 GAAP revenue of $168.9 million, down 5% year over year, while gross bookings increased 10% to $267.2 million. The company said Private Jet Flight Revenue stabilized, driven by stronger membership growth and operations.
Competitive Moat
Delta-led financing deepens Wheels Up partnership
Wheels Up announced a new Delta-led financing package alongside its Q1 results, reinforcing a strategic tie to a major airline partner. The company also says it is one of the largest private aviation operators in the U.S., with a membership and on-demand model built on fleet access plus third-party operators.
Risk Factor
Revenue declined even as profitability improved
In full-year 2024, Wheels Up said gross profit increased $34 million year over year in the December quarter despite a $42 million revenue decline. Its investor materials also note growth may be limited by its ability to expand complementary service offerings.
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Yes. Wheels Up became a public company in July 2021 and trades on NYSE under the ticker UP. UpMarket does not offer Wheels Up shares.
Wheels Up's share price is set on the public market under the ticker UP. The prices shown on this page are historical private-market prices from before it went public.
No. Wheels Up is now a public company and UpMarket does not offer its shares. Accredited investors interested in companies that have not yet gone public can review UpMarket's current pre-IPO offerings.
Wheels Up is now publicly traded, so its shares can be bought and sold on NYSE and their price can change significantly. Review Wheels Up's public filings and consult a financial advisor before investing. UpMarket does not offer Wheels Up shares.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
Wheels Up became a public company in July 2021, so shares held before the listing can generally be sold on the public market once any lock-up period ends. The exact terms depend on how the shares are held, for example directly or through a fund.
UpMarket does not offer Wheels Up shares. The minimum for most pre-IPO offerings on UpMarket is $50,000.
Wheels Up's valuation is now set by its public share price on NYSE. The figures on this page show its valuation history before it went public.
Wheels Up Partners is the private-aviation business behind the Wheels Up brand, offering on-demand charter and membership access to private aircraft. It became a public company in Jul 2021. UpMarket does not offer its shares.