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Voyager Technologies Surges After Upsized IPO
Posted
June 11, 2025
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June 11, 2025
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8:08Now PlayingDylan Taylor, CEO of defense contractor Voyager Technologies, talks future of his company and space innovation as shares of his company surge its IPO Wednesday afternoon.
Voyager Technologies Inc. shares gained as much as 139% in their debut after the company raised $383 million in an upsized US initial public offering.
The Denver-based defense contractor’s stock traded at $69.99 each as of 1:21 p.m. on Wednesday, versus the IPO price of $31 apiece. The company sold more than 12.3 million shares after having marketed 11 million shares for $26 to $29 each.
The trading gives Voyager Technologies a market value of $3.9 billion based on the outstanding shares listed in its filings.
Janus Henderson Investors and Wellington Management have indicated an interest in buying a total of $60 million of shares in aggregate, the filings show.
Founded in 2019 and recently rebranded from Voyager Space, Voyager Technologies serves both government and commercial clients across sectors including national security, advanced technology and space infrastructure, according to the filings.
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 plans to operate Starlab through a joint venture with equity partners including Airbus SE, Mitsubishi Corp., MDA Space Ltd. and Palantir Technologies Inc.
Almost 84% of Voyager’s revenue in 2024 stemmed from contracts with the US government and its affiliates, according to its filings. 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 offering was led by Morgan Stanley and JPMorgan Chase & Co. Its shares trade on the New York Stock Exchange under the symbol VOYG.--With assistance from Anthony Hughes.
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