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Investing.com -- Today’s IPO for space exploration company Voyager Technologies (NYSE:VOYG) opened for trading at $69.75 after pricing its IPO at $31 per share.
The company sold 12,348,387 shares in the offering, raising $383 million.
Illustrating the demand for the offering, the size was increased from 11 million shares, and the share price was set above the expected range of $26-$29 per share.
Morgan Stanley (NYSE:MS) and J.P. Morgan were joint-lead book-running managers of the IPOs.
The company has grown its revenue to $144.2 million in 2024, up from $136.1 million in 2023. In the first quarter of 2025, the company reported revenue of $34.5 million.
Voyager Technologies is an innovation-focused defense and space company delivering advanced solutions in national security, space infrastructure, and mission-critical technologies. Since its founding in 2019, the company has secured approximately $800 million in contracts, including key projects with NASA, its largest customer.
"Voyager Technologies’ IPO is a significant milestone, not only for the company but also for the broader space sector, indicating its progression towards greater commercial maturity,” Rob Desborough, Managing Director of Seraphim Space Investment Trust – an early investor in Voyager Technologies – commented to Investing.com following the IPO. "We believe this successful listing may pave the way for a wave of public offerings from other high-quality space companies, those leveraging dual-use technologies to transform the global space, defence, and climate landscapes. This could unlock new opportunities for investors and accelerate innovation across the industry.”