Mentioned:
There’s officially a new space company on the New York Stock Exchange. And they’re aiming to change the future of American national security and defense in space.
What’s happening:
- Defense and space technology company Voyager Technologies (NYSE: VOYG) has successfully raised $382.8M USD in their IPO financing round and officially has begun trading on the New York Stock Exchange
By the numbers:
- Voyager Technologies sold 12.35M common shares at $31.00 USD in their IPO financing round
- The IPO values Voyager Technologies at approximately $1.6B USD
Why it matters:
- Voyager Technologies is one of the most advanced companies in America focused on defense and national security in space and has an existing partnership with the United States Air Force to compete for future contracts for weapon systems development and demonstration missions
Going deeper:
- The IPO round was led by prominent investment banks Morgan Stanley and J.P. Morgan and also saw large participation from institutional investors including Janus Henderson and Wellington Management
The intrigue:
- Voyager Technologies has developed a variety of hardware and technology for critical space missions, including advanced propulsion systems, modules for space stations and even navigation systems specifically for defense operations in orbit
