Voyager Technologies Raises $383M in NYSE IPO Amid Space Sector Surge

Voyager Technologies, a defense and space technology company backed by Palantir Technologies and Lockheed Martin, successfully raised $382.8 million in its IPO on the New York Stock Exchange, pricing shares at $31 each and achieving a market valuation of approximately $1.9 billion. The company's shares more than doubled on the first day of trading, opening around $69.75, signaling strong investor interest in the space sector under the Trump administration's increased defense spending and initiatives such as the $175 billion Golden Dome missile defense shield project. Voyager's business includes supplying propulsion and optical guidance systems for U.S. defense and developing the Starlab space station for NASA, with contracts totaling over $217 million. Despite posting a net loss as it scales operations, Voyager's steady revenue from government contracts and partnerships with major players like NASA, Lockheed Martin, and the U.S. Air Force position it well for long-term growth. The IPO is viewed as a key indicator of market enthusiasm for space and defense technologies, amid a rise in military spending and a broader wave of tech IPOs. Voyager's debut follows similar space tech listings and highlights the sector's progression toward commercial maturity.