Latest news with #VoyagerTechnologies
Business Insider
5 hours ago
- Business
- Business Insider
Voyager wants to ride the defense tech wave to a $1.6 billion IPO
Voyager Technologies, a defense and space tech company, aims to raise up to $319 million in an initial public offering that could value it as high as $1.6 billion, the company said on Monday. Their filing underscores how defense and space tech companies are drawing renewed attention from DC and Silicon Valley. In his second inaugural address in January, President Donald Trump declared that "we will pursue our manifest destiny into the stars, launching American astronauts to plant the Stars and Stripes on the planet Mars." Defense Secretary Pete Hegseth is also bullish on how tech will change the battlefield. Private market defense investors are rallying behind such calls for modernization, while the Defense Department has created a new program to fund defense startups spinning out of college campuses. There's been some action in public markets, too: Kochav Defense Acquisition Corporation, a defense tech special-purpose acquisition company, completed its IPO in late May. IPOs have largely remained sluggish, though fintech companies Chime and Circle, and virtual physical therapy company Hinge Health have all recently gone public. Bankers say the window for going public is narrowing due to political and market volatility, so they're urging companies to move quickly toward an IPO while investor appetite lasts. Founded in 2019, Voyager is developing a low-Earth orbit commercial space station, Starlab, funded by over $200 million from NASA. The company is working with Airbus, Mitsubishi, MDA Space, and Palantir on the project. The company, initially called Voyager Space, dropped "Space" in a January rebrand to focus more on defense applications, like tech that improves the precision, speed, and reliability of missiles and defense interceptors. Voyager reported $34.5 million in net sales in the first quarter of 2025, up more than 14% from the same period last year. But its net losses in the quarter almost doubled, nearly hitting $27 million compared to just under $15 million a year ago, according to an SEC filing. Early Voyager investors include national security-focused firms Industrious Ventures, Marlinspike, and Scout Ventures. Morgan Stanley and JPMorgan are jointly leading the proposed offering. The company's shares, "VOYG," will trade on the New York Stock Exchange.
Business Insider
9 hours ago
- Business
- Business Insider
Voyager eyes a $1.6 billion IPO amid defense tech boom
Voyager Technologies, a defense and space tech company, aims to raise up to $319 million in an initial public offering that could value it as high as $1.6 billion, the company said on Monday. Their filing underscores how defense and space tech companies are drawing renewed attention from DC and Silicon Valley. In his second inaugural address in January, President Donald Trump declared that "we will pursue our manifest destiny into the stars, launching American astronauts to plant the Stars and Stripes on the planet Mars." Defense Secretary Pete Hegseth is also bullish on how tech will change the battlefield. Private market defense investors are rallying behind such calls for modernization, while the Defense Department has created a new program to fund defense startups spinning out of college campuses. There's been some action in public markets, too: Kochav Defense Acquisition Corporation, a defense tech special-purpose acquisition company, completed its IPO in late May. IPOs have largely remained sluggish, though fintech companies Chime and Circle, and virtual physical therapy company Hinge Health have all recently gone public. Bankers say the window for going public is narrowing due to political and market volatility, so they're urging companies to move quickly toward an IPO while investor appetite lasts. Founded in 2019, Voyager is developing a low-Earth orbit commercial space station, Starlab, funded by over $200 million from NASA. The company is working with Airbus, Mitsubishi, MDA Space, and Palantir on the project. The company, initially called Voyager Space, dropped "Space" in a January rebrand to focus more on defense applications, like tech that improves the precision, speed, and reliability of missiles and defense interceptors. Voyager reported $34.5 million in net sales in the first quarter of 2025, up more than 14% from the same period last year. But its net losses in the quarter almost doubled, nearly hitting $27 million compared to just under $15 million a year ago, according to an SEC filing. Early Voyager investors include national security-focused firms Industrious Ventures, Marlinspike, and Scout Ventures. Morgan Stanley and JPMorgan are jointly leading the proposed offering. The company's shares, "VOYG," will trade on the New York Stock Exchange.
Yahoo
16 hours ago
- Business
- Yahoo
How Much Does It Cost to Build a Space Station? Would You Believe Less Than $4 Billion?
Voyager Technologies's confidential IPO prospectus has just been made public. Investors still don't know how much the IPO will cost, but we do now know Voyager's annual revenue -- and losses. Voyager will probably continue losing money for at least another four to five years. These 10 stocks could mint the next wave of millionaires › It took 13 years, 15 nations, and roughly $100 billion to build the International Space Station (ISS). But one company thinks it can build a replacement for as little as $3 billion -- or less. That company's name is Voyager Technologies ... and it's about to list an initial public offering (IPO). I first wrote about the impending Voyager Technologies IPO back in February, but to be honest, there wasn't a whole lot to say about it then. Voyager made its first filing for initial public offering under a guarantee of confidentiality, you see. As a result, most of what we knew about Voyager's IPO at the time came directly from Voyager itself, via information published on its own website. That just changed. Last week, Voyager finally filed its IPO prospectus (termed an S-1) publicly. And while a lot of important data blocks in the document remain blank and yet to be filled in, Voyager did add a lot of background information on its business. Voyager is best known today as one of four teams competing for NASA contracts to kick-start Voyager's efforts to create a replacement -- privately owned -- space station. But Voyager actually describes itself as an "innovation-driven defense technology and space solutions company," suggesting much more widely ranging interests, above and beyond just building a space station replacement. For this reason, structurally, the company has organized itself in three business divisions: Defense & National Security, Space Solutions, and Starlab Space Stations. The Starlab division will participate in an international joint venture to operate the proposed Starlab space station. "Equity" partners in this venture include Palantir Technologies, Airbus, Japan's Mitsubishi, and Canada's MDA Space. Voyager owns 67% of the JV, Airbus 30.5%, while Palantir, Mitsubishi, and MDA own less than 1% each. Hilton and Northrop Grumman are non-equity "strategic" partners performing various roles in the venture, and SpaceX is under contract to launch the space station aboard its Starship launch vehicle in 2029. Voyager notes that its space station concept features a "proven metallic habitat design" that can "be deployed and achieve initial operational capability in a single launch on SpaceX's Starship." This single module, says Voyager, will replace "approximately 45% of the pressurized volume of the U.S. Segment (non-Russian) of the ISS." Two launches should therefore essentially replace the entire working volume of the U.S. portion of the space station. And here's the best part: Whereas ISS cost $100 billion to build, Voyager said it expects to build and launch its Starlab for "approximately $2.8 billion to $3.3 billion." That's a lot cheaper than the original recipe ISS cost. It's also a lot less cash than Voyager has on hand (just $175.5 million at last report), which explains why Voyager must IPO to raise the cash it needs to build Starlab. The bigger question for investors is: Should you help them out with that, by handing over your cash to Voyager at the IPO? And that's a question of valuation. Voyager generated $136.1 million in revenue in 2023, then grew its revenue 6% to $144.2 million in 2024. Much of this money has come from NASA, the company's largest customer, accounting for 25.6% of 2024 revenue. NASA has awarded the company $217.5 million toward developing an ISS replacement. Of this, $147.2 million has already been paid out between 2022 and 2023. Including NASA, the company says it has won "approximately $800 million" in contracts and Space Act Agreements from the U.S. government, which gives you an idea of future revenue prospects. (Out of these contracts, $93.1 million is considered backlog -- work for which Voyager has "a written contract or purchase order" either in-hand or awaiting execution). As for costs, well, those are large, significantly larger than revenue at present, resulting in a $65.6 million loss in 2024. Net losses per (still privately traded) share are about $9.88, up 88% year over year. And investors should expect losses to grow as the company spends to get Starlab completed and ready for launch. Revenue probably won't begin offsetting rising costs until 2029, when the space station launches and begins operations. Long story short, the prospectus just filed by Voyager paints the picture of a speculative investment, one with substantial revenue, but perhaps not enough to justify its projected $2 billion to $3 billion valuation at IPO. Even at the low end of this valuation, $147 million in trailing-12-month sales implies a 13.6 price-to-sales ratio on the stock. As for P/E, well, Voyager has no earnings on which to hang a price-to-earnings valuation, and probably won't have any earnings for another four to five years. Does all this mean you shouldn't invest in the Voyager IPO? Not necessarily. But it does mean you should make any "investment" by being fully conscious that what you're really doing is speculating on the venture not going bust. And you should probably examine your risk tolerance before doing that. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $350,426!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,129!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $651,049!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 2, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. How Much Does It Cost to Build a Space Station? Would You Believe Less Than $4 Billion? was originally published by The Motley Fool Sign in to access your portfolio
Bloomberg
20 hours ago
- Business
- Bloomberg
Space, Defense Firm Voyager Seeks to Raise $319 Million in IPO
Voyager Technologies Inc. is seeking to raise as much as $319 million in an initial public offering, as it looks to capitalize on rising government spending on advanced defense technologies and space exploration. The Denver-based contractor plans to market 11 million shares for $26 to $29 each, according to its filing Monday with the US Securities and Exchange Commission. At the top of that range, Voyager would have a market value of $1.6 billion based on the outstanding shares listed in its filing.
Yahoo
2 days ago
- Business
- Yahoo
Starlab developer Voyager seeks $1.6 billion valuation in US IPO
(Reuters) -Voyager Technologies said on Monday it was targeting a valuation of $1.6 billion in its U.S. listing, as the defense and space tech company looks to capitalize on a spending boost for the sector under the Trump administration. Companies are finding renewed opportunities to list shares on U.S. exchanges after the IPO market recovery was delayed by policy uncertainties linked to President Donald Trump's trade policies. Voyager's filing comes after digital banking startup Chime and stablecoin giant Circle also reignited their plans to go public in recent weeks. The Denver, Colorado–based company plans to sell 11 million shares and would raise $319 million if priced at the top of its proposed $26 to $29 range. The U.S. government is expected to boost spending on defense and space projects, with policymakers predicting Trump would push ahead with a race to the moon and possibly Mars, bolstered by his friendship with SpaceX founder Elon Musk. Last month, Trump selected a design for his $175 billion Golden dome missile defense shield, which aims to create a network of satellites to detect, track and potentially intercept incoming missiles. Founded in 2019, Voyager has completed more than 2,000 missions from about 35 nations, according to its website. The company is also developing Starlab, a potential commercial successor to the International Space Station, via a joint venture with Airbus, Mitsubishi, and Palantir. The company reported $34.5 million in net sales for the quarter ended March 31, up 14.2% from the previous year. Losses attributable to Voyager, however, nearly doubled to $26.9 million in the period. Voyager's shares will trade on the New York Stock Exchange under the symbol "VOYG". Morgan Stanley and J.P. Morgan are the lead underwriters on the listing.
