Space tech firm Voyager valued at $3.8 billion as shares surge in NYSE debut

Space tech firm Voyager valued at .8 billion as shares surge in NYSE debut


Voyager Technologies Chairman and CEO Dylan Taylor and Matthew J. Kuta, President and Co-Founder, ring the opening bell to celebrate the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., June 11, 2025.

NYSE

Voyager Technologies secured a valuation of $3.8 billion after the defense and space firm’s shares more than doubled in their U.S. debut, signaling strong interest in the sector expected to thrive under the Trump administration.

The Denver, Colorado–based company’s stock opened 125% higher on Wednesday at $69.75 apiece, above the $31 offer price. Voyager raised $382.8 million by selling nearly 12.4 million shares in an upsized IPO.

The space industry is undergoing major policy shifts under President Donald Trump, which has proposed a $175 billion Golden Dome project that aims to create a missile defense shield in the U.S.

“Strategic government backing amid increased defense spending somewhat shields these firms from tariff-induced supply chain risks,” said IPOX research associate Lukas Muehlbauer.

Founded in 2019, Voyager provides mission-critical space and defense technology. It had a total backlog of $179.2 million, as of March 31.

Voyager’s IPO is a significant milestone for the broader space sector, indicating its progression towards greater commercial maturity, said Rob Desborough, managing director of Seraphim Space Investment Trust, an investor in Voyager.

In 2024, Lockheed Martin picked Voyager to supply propulsion and optical guidance systems, vital for the U.S. defense against long-range ballistic missile threats.

NASA has granted Voyager $217.5 million to build Starlab, a potential successor to the International Space Station, which Voyager plans to operate with Airbus, Mitsubishi and Palantir.

Voyager’s flotation comes months after defense and space firm Karman went public. Karman’s stock had more than doubled, as of Tuesday’s close.

“Although high entry barriers in the defense sector naturally limit the pool of IPO candidates, the current environment is encouraging established companies to go public,” Muehlbauer added.

Asset managers Janus Henderson and Wellington Management had previously indicated interest in buying up to $60 million of Voyager’s shares.



Source

35-year-old American left the U.S. for China, spends 8/month: ‘I’m living large’
World

35-year-old American left the U.S. for China, spends $568/month: ‘I’m living large’

In 2019, just after her 30th birthday, Aleese Lightyear left a career in reality TV production behind to teach English as a second language in China. At the time, Lightyear was earning around $100,000 a year, working eight months out of the year. “I was living check to check, which sucked. My last few years […]

Read More
The AI ‘neoclouds’ buzz is growing on Wall Street, but risks are bubbling
World

The AI ‘neoclouds’ buzz is growing on Wall Street, but risks are bubbling

Investors are raving about “neoclouds” and what their emergence means for the artificial intelligence boom. However, some warning signs are starting to flash. Neoclouds are companies specializing in AI cloud computing. Unlike traditional hyperscalers such as Amazon and Microsoft, these bespoke companies are viewed as attractive alternatives as they install and manage AI hardware and software […]

Read More
Europe’s most valuable firm SAP flags U.S. trade slowdown but says Japan deal gives ‘hope’
World

Europe’s most valuable firm SAP flags U.S. trade slowdown but says Japan deal gives ‘hope’

A person holds a smartphone displaying the logo of SAP, a German multinational software corporation known for its enterprise resource planning solutions. Cheng Xin | Getty Images News | Getty Images German software giant SAP said Wednesday that U.S. tariff tensions were slowing down its customers’ decision-making, but that the Japan trade agreement announced Tuesday […]

Read More