Space defense company Voyager Technologies (VOYG.US) plans to price its IPO at $26-29 per share, aiming to raise $303 million.

Voyager Technologies, a company based in Denver, Colorado, that provides defense and space station equipment, and is currently developing the Voyager space station, announced the terms of its initial public offering (IPO) on Monday. The company plans to issue 11 million shares at a price range of $26 to $29 per share, raising $303 million. Cornerstone investors intend to subscribe for $60 million worth of shares (20% of the offering size). Based on the midpoint of the proposed price range, Voyager Technologies' fully diluted market value will reach $1.6 billion. Voyager is a defense technology and space solutions company with three main business segments: defense and national security providing communication technology, guidance navigation and control, signal intelligence, and defense systems; space solutions providing space infrastructure, advanced space technology, scientific systems, and mission services; and the Starlab space station division planning to build a commercial space station to replace the International Space Station (ISS). Its core partners and customers include Palantir, NASA, Lockheed Martin, the US Air Force, and Sierra Space. The company was founded in 2019 and generated $148 million in revenue in the 12 months ending on March 31, 2025. The company plans to list on the New York Stock Exchange with the ticker symbol VOYG. Morgan Stanley, JPMorgan, Barclays, Jefferies Financial Group Inc., Bank of America Corp Securities, KeyBanc Capital Markets, Nomura Securities, and WR Securities will serve as joint bookrunners for the offering. The IPO is expected to price the week of June 9, 2025.