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HOUSTON/BRUSSELS - Belgium-based Space Applications Services has joined Starlab Space LLC as a joint venture partner and investor, the companies announced Tuesday at the 76th International Astronautical Congress. The move strengthens the commercial space station venture, which includes Voyager Technologies (NYSE:VOYG), a company currently valued at $1.72 billion with a strong liquidity position as indicated by its current ratio of 5.6.
The partnership expands Starlab’s global reach in its development of a commercial space station while adding SpaceApps’ expertise in space systems, mission operations and payload integration to the venture.
SpaceApps brings capabilities in avionics, payload development, and the International Commercial Experiment Cubes service to Starlab’s commercial space station project. The Belgian company also maintains close relationships with the European Space Agency and other international partners.
"Adding SpaceApps as both an investor and partner proves we’re rapidly moving from design to reality," said Marshall Smith, CEO of Starlab, according to the press release.
The collaboration will include work on SpaceApps’s Space Innovation Laboratories being developed across Europe. These ground-based facilities aim to provide expanded microgravity research access for universities and industry partners.
Richard Aked, CEO of SpaceApps, stated the company would contribute its "payload facilities, avionics, and mission integration expertise" to the venture.
Starlab is scheduled for a Critical Design Review at the end of the year as it progresses from design to development phase. The company describes itself as a U.S.-led joint venture that includes partners Voyager Technologies (NYSE:VOYG), Airbus, Mitsubishi Corporation, MDA Space, Palantir Technologies, and now Space Applications Services. According to InvestingPro data, Voyager’s stock has faced challenges, declining by 47% over the past six months, though analysts maintain optimism with price targets ranging from $41 to $52.For deeper insights into space industry stocks and comprehensive analysis, including Fair Value estimates and financial health scores, explore InvestingPro’s extensive research tools and Pro Research Reports covering 1,400+ top US equities.
The announcement comes as Starlab continues developing what it calls an "AI-enabled commercial space station" intended to maintain human presence in low-Earth orbit following the eventual retirement of the International Space Station.
In other recent news, Voyager Technologies has acquired BridgeComm’s proprietary technology to advance its optical communication solutions for defense and commercial markets. This acquisition is anticipated to expedite the development of crucial optical communication systems for low-Earth orbit architectures and space networks. Additionally, Voyager Technologies is set to be included in the U.S. small-cap Russell 2000 Index effective September 19, 2025, pending a final review. This inclusion will automatically extend to the broader Russell 3000 Index and relevant growth and value style indexes.
Furthermore, JPMorgan has reiterated its Overweight rating for Voyager Technologies, maintaining a price target of $52.00, following a discussion with CEO Dylan Taylor about growth opportunities in missile defense, edge computing, and the Starlab project. In leadership news, Voyager Technologies has appointed Paul Tilghman as the new Chief Technology Officer, where he will oversee technology strategy and innovation. Lastly, Voyager Technologies has invested in Latent AI to bolster its edge computing capabilities, aiming to improve real-time intelligence processing in space-based and contested environments.
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