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Voyager Technologies Chairman and CEO Dylan Taylor and Matthew J. Kuta, President and Co-Founder, ringing the opening doorbell to observe the company's IPO astatine the New York Stock Exchange (NYSE) successful New York City, U.S., June 11, 2025.
NYSE
Voyager Technologies secured a valuation of $3.8 cardinal aft the defence and abstraction firm's shares much than doubled successful their U.S. debut, signaling beardown involvement successful the assemblage expected to thrive nether the Trump administration.
The Denver, Colorado–based company's banal opened 125% higher connected Wednesday astatine $69.75 apiece, supra the $31 connection price. Voyager raised $382.8 cardinal by selling astir 12.4 cardinal shares successful an upsized IPO.
The abstraction manufacture is undergoing large argumentation shifts nether President Donald Trump, which has projected a $175 billion Golden Dome project that aims to make a rocket defence shield successful the U.S.
"Strategic authorities backing amid accrued defence spending somewhat shields these firms from tariff-induced proviso concatenation risks," said IPOX probe subordinate Lukas Muehlbauer.
Founded successful 2019, Voyager provides mission-critical abstraction and defence technology. It had a full backlog of $179.2 million, arsenic of March 31.
Voyager's IPO is simply a important milestone for the broader abstraction sector, indicating its progression towards greater commercialized maturity, said Rob Desborough, managing manager of Seraphim Space Investment Trust, an capitalist in Voyager.
In 2024, Lockheed Martin picked Voyager to proviso propulsion and optical guidance systems, captious for the U.S. defence against long-range ballistic rocket threats.
NASA has granted Voyager $217.5 cardinal to physique Starlab, a imaginable successor to the International Space Station, which Voyager plans to run with Airbus, Mitsubishi and Palantir.
Voyager's flotation comes months aft defence and abstraction firm Karman went public. Karman's banal had much than doubled, arsenic of Tuesday's close.
"Although precocious introduction barriers successful the defence assemblage people bounds the excavation of IPO candidates, the existent situation is encouraging established companies to spell public," Muehlbauer added.
Asset managers Janus Henderson and Wellington Management had previously indicated interest successful buying up to $60 cardinal of Voyager's shares.
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