Voyager Technologies kicks off trading on the NYSE after pricing its IPO at $31above its marketed $26$29 rangeraising $382.8 million at a $1.9 billion market cap in what Wall Street sees as a litmus test for space-sector stocks.
Backed by Palantir Technologies (NASDAQ:PLTR) and Lockheed Martin (NYSE:LMT), Voyager’s debut follows Circle’s blockbuster listing and precedes Chime’s IPO, spotlighting investor appetite for high-growth tech niches.
Founded in Colorado, Voyager specializes in defense and commercial space technologies, with NASA as its largest customer under a $217.5 million contract to design the Starlab space station set to succeed the ISS around 2030.
In 2024, Voyager posted $144.2 million in sales26% of which came from NASAand saw revenue grow 6% last year and 14% in Q1 2025, though it reported a $65.6 million net loss as it scales operations.
Management expanded the share sale to 12.35 million shares to meet demand, tapping a broad investor base eager for exposure to orbital infrastructure ahead of U.S. defense initiatives like the proposed Golden Dome missile-defense shield.
Investors should care because Voyager’s trading performance will gauge market enthusiasm for space plays amid a wave of tech IPOs, and its strong NASA ties provide a steady revenue pillar even as profitability remains a longer-term goal.
Investors will watch VOYG’s first-day trading action and future earnings reports for signs that government contracts and rising commercial space investments can drive sustained growth and narrow net losses.
