Voyager Technologies, a U.S.-based space and defense company, launched its initial public offering (IPO) on June 2, aiming for a valuation of up to $1.6 billion, the company said.
The six-year-old firm is offering 11 million shares of its Class A common stock, priced between $26 and $29 apiece. Underwriters have a 30-day option to purchase up to an additional 1.65 million shares. If priced at the top of the range and fully subscribed, the IPO could raise up to $367 million in gross proceeds.
The shares will be listed on the New York Stock Exchange under the ticker symbol “VOYG.”
Proceeds from the offering will be used to fund research and development, potential acquisitions, and other strategic growth initiatives, according to a company filing.
Founded in October 2019 and headquartered in Denver, Voyager has pursued a consolidation strategy across the space sector, acquiring multiple startups in an effort to pool innovation in commercial space technologies.
Its flagship project, Starlab, is one of several commercial space station proposals vying to replace the aging International Space Station.
Voyager had considered going public for several years before opting for a traditional IPO, in contrast to industry peer Redwire, which went public via a SPAC merger in 2021.