HawkEye 360 raised $416 million in its initial public offering (IPO) on Thursday, becoming the second space company to go public this year.
The signals intelligence company began trading on the New York Stock Exchange (NYSE) on Thursday, offering 16 million shares at $26 per share, the top end of the range it stated last week. Its share price soared 30% to close at $34.
HawkEye 360 operates a constellation of radio frequency (RF) sensing satellites and provides signal processing data and intelligence to U.S. and allied international government customers.
According to the prospectus it filed before going public, HawkEye reported $98.7 million in revenue in 2025 — demonstrating nearly 100% growth between 2024 and 2025. Net income in 2025 was $2.7 million — the company’s first year of net income since it was founded in 2019.
HawkEye 360 expects to use proceeds from the IPO to pay down its debt, make a deferred payment on the Innovative Signals Analysis (ISA) acquisition from December 2025, and for working capital and corporate purposes.
HawkEye is the second space company to go public this year after spacecraft manufacturer York Space Systems went public in January, raising $629 million.
