Voyager Technologies' stock soars 82% on IPO day, highlighting renewed investor interest in defense tech

From Yahoo Finance: 2025-06-12 08:39:00

Voyager Technologies’ stock surged 82% on its first trading day, closing at $56.48 per share after pricing its IPO at $31 per share. The company plans to use funds for research, acquisitions, and debt repayment, highlighting renewed investor interest in defense and space tech.

Voyager Technologies, a defense tech company, closed its IPO 82% higher than its offering price. The company plans to use the cash injection to fund research, development, acquisitions, and debt repayment. Early investors include venture firms Industrious Ventures, Marlinspike, and Scout Ventures.

Despite being unprofitable, Voyager Technologies relies heavily on US government contracts, with NASA making up 25% of its sales last year. With $144 million in revenue in 2024, 80% from US government work, the company reported a $66 million loss. The IPO reflects a growing interest in defense and space tech.

US military leaders are prioritizing AI development to compete with China in the tech space. Defense Secretary Pete Hegseth emphasized equipping the military with advanced capabilities. Silicon Valley VCs are investing heavily in defense tech companies, with Anduril and Shield AI seeing significant funding boosts.

Venture-backed companies like Voyager Technologies are choosing to go public, contrary to recent trends post-pandemic. The IPO surge indicates a renewed interest in defense and space tech companies. President Donald Trump and Defense Secretary Pete Hegseth have both emphasized the importance of advanced battlefield tech for future conflicts.

Read more: Voyager soars 82% on first day of trading as defense tech booms