Voyager Technologies, which provides defense and space station equipment, and is developing a space station, announced terms for its IPO on Monday.
The Denver, CO-based company plans to raise $303 million by offering 11 million shares at a price range of $26 to $29. Cornerstone investors intend to purchase $60 million worth of shares in the offering (20% of the deal). At the midpoint of the proposed range, Voyager Technologies would command a fully diluted market value of $1.6 billion.
Voyager is a defense technology and space solutions company. Its business spans three segments: Defense & National Security, which provides communications technologies, guidance, navigation and controls, signals intelligence, and defense systems; Space Solutions, which delivers space infrastructure, advanced space technology, science systems, and mission services; and Starlab Space Stations, which is a commercial space station planned to succeed the ISS. Key partners and customers include Palantir, NASA, Lockheed Martin, the US Air Force, and Sierra Space.
Voyager Technologies was founded in 2019 and booked $148 million in revenue for the 12 months ended March 31, 2025. It plans to list on the NYSE under the symbol VOYG. Morgan Stanley, J.P. Morgan, Barclays, Jefferies, BofA Securities, KeyBanc Capital Markets, Nomura Securities, and WR Securities are the joint bookrunners on the deal. It is expected to price during the week of June 9, 2025.
