Voyager Sets $1.6B IPO, Starlab Partners Revealed

Voyager Technologies, founded in 2019 in Denver, is planning an IPO to raise up to $319 million by offering 11 million shares at $26–$29 each, targeting a $1.6 billion valuation and trading on the NYSE under 'VOYG'. The company, which has completed thousands of missions worldwide, is developing the Starlab commercial space station in cooperation with Airbus, Mitsubishi, MDA Space, and Palantir, backed by over $200 million in NASA funding. The IPO coincides with increased U.S. government investment in defense and space under the Trump administration. In Q1 2025, Voyager reported a 14% increase in net sales to $34.5 million but saw its net losses nearly double to $27 million. Interest in space technology remains robust, with global investment in the sector surpassing $6 billion annually. The offering is being underwritten by Morgan Stanley and J.P. Morgan.