Voyager Technologies (VOYG) Shares Open at $68.28 After Company Prices its IPO at $31 per Share, Amid High Demand for Space Equities

(Denver, Colorado & New York, New York) Defense and space company Voyager Technologies (NYSE: VOYG) began trading on the New York Stock Exchange today after pricing shares at $31, above its original range of $26 – $29; shares opened at $68.28 at 1.10pm EST (17.10 GMT).

Photo of the Voyager Technologies (VOYG) team ringing the opening bell at the New York Stock Exchange this morning (June 11th), courtesy of Voygaer Technologies on X, @voyagertech_.

Additionally, the underwriters of Voyager’s IPO were granted a 30-day option to purchase up to 1.85 million additional shares of the company’s Class A common stock, up from 1.65 million.

Voyager launched its IPO on June 3rd; since then, it has raised the size of its stock sale from 11 million shares to 12.35 million, per Barron’s.

The IPO comes in the midst of a spending spree on defense and space projects by President Donald Trump’s administration, and demand for space technology companies is robust among investors.

This past February, Karman Holdings Karman Holdings (NYSE: KRMN) which helps design, test and manufacture mission-critical systems for missile, defense, and space programs, went public at a price of $22 a share; the stock has more than doubled since then, and is currently trading above $46.00.

Voyager plans to use its IPO proceeds to invest in research and development, acquisitions and other growth initiatives, including its highest-profile project, Starlab, the commercial space station successor to the International Space Station (ISS).

“We believe this successful listing may pave the way for a wave of public offerings from other high-quality space companies,” said Rob Desborough, managing director of Seraphim Space Investment Trust and an early Voyager investor, according to SpaceNews. “This listing may serve as a reference point for other space companies considering public offerings in the future.”

Background about Voyager Technologies, per Bloomberg:

• Voyager has a $217.5 million development grant with NASA to design Starlab, the commercial space station planned to replace the International Space Station, which is set to be decommissioned in 2030.
• Voyager Technologies plans to operate Starlab through a joint venture with equity partners including Airbus SE, Mitsubishi Corp., MDA Space Ltd. and Palantir Technologies Inc.
• Voyager reported a net loss of $26.9 million on revenue of $34.5 million in the three months ended March 31, compared with a net loss of $14.8 million on revenue of $30.2 million in the same quarter last year, the filing shows.
• Nearly 84% of Voyager Technologies’ revenue last year came from contracts with the US government and its affiliates.

** Not investment advice; neither FLYJETS or The FLY Report – nor any associated individual – is a registered investment advisor.