Voyager Technologies, Inc. (VOYG) is experiencing a pre-market surge of 9.40% on Thursday, building on the momentum from its extraordinary initial public offering (IPO) debut on Wednesday. The space and defense technology company's shares had already skyrocketed 82% above their IPO price in their first day of trading on the New York Stock Exchange, closing at $56.48.
The IPO, which was upsized due to strong investor demand, raised $382.8 million through the sale of 12.35 million shares at $31 each, well above the expected pricing range of $26 to $29. This enthusiastic reception highlights growing investor appetite for space-industry stocks and could potentially pave the way for more space-tech companies to go public.
Voyager Technologies is at the forefront of space exploration and defense technology, working on projects like the Starlab commercial space station in collaboration with NASA and other industry giants. The company's strategic partnerships, including those with Palantir Technologies and Lockheed Martin, and its potential involvement in high-profile defense initiatives like President Donald Trump's "Golden Dome" missile-defense system, are likely contributing to investor excitement.
As the market opens, all eyes will be on Voyager Technologies to see if it can maintain this upward trajectory and cement its position as a beacon for the burgeoning commercial space industry.
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