Voyager Technologies Raises $383M in Upsized Space-Tech IPO

Voyager Technologies, a space exploration and defense company, raised approximately $383 million through an upsized initial public offering on the New York Stock Exchange, pricing its shares at $31 each, significantly above the expected range of $26 to $29. The company sold 12.35 million shares, with underwriters holding an option for additional shares, signaling strong investor demand and confidence in the space sector's commercial prospects. Voyager, founded in 2019, has secured around $800 million in contracts, including key projects with NASA, and reported revenue growth to $144.2 million in 2024. Industry experts, including early investor Rob Desborough of Seraphim Space Investment Trust, believe this successful IPO could pave the way for more public offerings from space companies utilizing dual-use technologies in defense, climate, and space infrastructure. Despite recent market volatility influenced by geopolitical tensions and tariff concerns, Voyager plans to use the proceeds for research, development, acquisitions, and its flagship project, the commercial space station Starlab. This IPO marks a significant milestone in the space technology industry's progression towards greater commercial maturity.