Voyager Chairman and CEO Dylan Taylor, center, and President Matthew Kuta, center-right. Photo: Voyager Technologies

Voyager Technologies on Wednesday went public after pricing its initial public offering at $31 per share, $2 higher that the company’s top estimate announced a week ago, raising $383 million for various growth initiatives.

Demand for the space and defense technology company’s stock soared, with shares closing at $57.13, up $26.13 or more than 84% for the day on the New York Stock Exchange. The company trades under the symbol VOYG.

The strong IPO can be attributed to growing defense spending in the U.S. and Europe, and continued increases in these “addressable” markets, Matt Kuta, Voyager’s president, said on Wednesday during virtual media roundtable.

Voyager has said that proceeds from the offering will be put toward research and development, capital asset purchases in pursuit of its growth, potential mergers and acquisitions, and general working capital.

As for acquisitions, Kuta said the company wants to grow vertically and horizontally. Targeted areas include software, software-enabled hardware, and “value pockets in the missile supply chain.”

The Denver-based company has capabilities in solid propulsion components, guidance and navigation systems, signal and electronic intelligence, space communications, space infrastructure, space science, and space stations. Voyager had $144 million in sales in 2024.

This story was first published by Defense Daily