Shares of Voyager Technologies, a space and defense tech company that counts Palantir (PLTR), Lockheed Martin (LMT), and NASA among its clients and partners, soared in their first day of trading.
Voyager, which now trades on the New York Stock Exchange using the ticker “VOYG,” priced its initial public offering at $31 per share, above an estimated range of $26 to $29. The shares opened Wednesday at $69.75 before finishing just above $56. At its intraday high, the stock traded near $74.
Voyager sold more than 12 million shares in the offering, raising roughly $695 million in proceeds.
The Denver-based company reported a first-quarter net loss of $26.9 million on revenue that jumped over 14% year-over-year to $34.5 million, according to a filing with the Securities and Exchange Commission. NASA is its largest customer, accounting for over a quarter of the company’s revenue in 2024, the company said.
Voyager’s launch comes after a string of strong IPOs, suggesting improving investor appetite for new listings. Just earlier this week, shares of Circle (CRCL) more than doubled in its trading debut. Omada Health (OMDA) and Hinge Health (HNGE) also made debuts in recent weeks.
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