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Voyager Technologies (VOYG) on Monday kicked off the roadshow for its initial public offering, aiming to raise up to $319 million as the company positions itself at the intersection of defense modernization and commercial space development.
The contractor plans to offer 11 million shares of Class A common stock at a price range of $26 to $29 a share, according to its filing with the U.S. Securities and Exchange Commission. An additional 1.65 million shares may be made available to underwriters via a 30-day option. If priced at the top of the range, the offering would value Voyager at approximately $1.6 billion.
Voyager’s Class A shares are expected to debut on the New York Stock Exchange under the ticker symbol “VOYG.” The IPO is scheduled to price on June 10.
Use of proceeds
Proceeds from the offering will support a range of strategic initiatives, including ramping up research and development, capital investments to fuel long-term innovation and potential acquisitions in core areas of defense and aerospace technology, the company announced.
Remaining funds will go toward general corporate purposes such as working capital, debt repayment, system upgrades, and administrative needs.
The offering has already attracted interest from institutional investors. Janus Henderson Investors and Wellington Management Co. have committed to purchasing up to $60 million in shares at the IPO price, the filing shows.
Founded in 2019 and previously known as Voyager Space, the company rebranded earlier this year to reflect a broader focus on national security and defense. Nearly 84% of its revenue in 2024 came from contracts with U.S. government entities, underscoring its deep ties to federal priorities.
Voyager is a key player in the next generation of space infrastructure, holding a $217.5 million development agreement with NASA to design Starlab, a commercial space station intended to succeed the International Space Station, which is expected to retire by 2030. Voyager will operate Starlab through a joint venture with global partners including Airbus (OTCPK:EADSF) (OTCPK:EADSY), Mitsubishi Corp., MDA Space Ltd. and Palantir Technologies (NASDAQ:PLTR).
Despite rapid growth in its government portfolio, Voyager (VOYG) reported a net loss of $26.9 million on revenue of $34.5 million in the first quarter of 2025, widening from a $14.8 million loss on $30.2 million in revenue a year earlier.
Chief Executive Dylan Taylor, a former executive at Colliers International and founder of the nonprofit Space for Humanity, is leading the company’s push to become a central player in both terrestrial defense systems and off-world infrastructure.