The Denver, Colorado-based firm’s inventory opened 125% larger on Wednesday at $69.75 apiece, above the $31 supply value. Voyager raised $382.8 million by promoting practically 12.4 million shares in an upsized IPO.
The house business is present process main coverage shifts below President Donald Trump, which has proposed a $175 billion Golden Dome mission that goals to create a missile protection protect within the U.S.
“Strategic authorities backing amid elevated protection spending considerably shields these corporations from tariff-induced provide chain dangers,” stated IPOX analysis affiliate Lukas Muehlbauer.
Based in 2019, Voyager gives mission-critical house and protection expertise. It had a complete backlog of $179.2 million, as of March 31.
Voyager’s IPO is a major milestone for the broader house sector, indicating its development in the direction of larger business maturity, stated Rob Desborough, managing director of Seraphim Area Funding Belief, an investor in Voyager.
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In 2024, Lockheed Martin picked Voyager to provide propulsion and optical steerage programs, very important for the U.S. protection in opposition to long-range ballistic missile threats. NASA has granted Voyager $217.5 million to construct Starlab, a possible successor to the Worldwide Area Station, which Voyager plans to function with Airbus, Mitsubishi and Palantir.
Voyager’s flotation comes months after protection and house agency Karman went public. Karman’s inventory had greater than doubled, as of Tuesday’s shut.
“Though excessive entry obstacles within the defense sector naturally restrict the pool of IPO candidates, the present atmosphere is encouraging established firms to go public,” Muehlbauer added.
Asset managers Janus Henderson and Wellington Administration had beforehand indicated curiosity in shopping for as much as $60 million of Voyager’s shares.
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