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Investing.com -- Today’s IPO for space exploration company Voyager Technologies (NYSE:VOYG) opened for trading at $69.75 after pricing its IPO at $31 per share.

The company sold 12,348,387 shares in the offering, raising $383 million.

Illustrating the demand for the offering, the size was increased from 11 million shares, and the share price was set above the expected range of $26-$29 per share.

Morgan Stanley (NYSE:MS) and J.P. Morgan were joint-lead book-running managers of the IPOs.

The company has grown its revenue to $144.2 million in 2024, up from $136.1 million in 2023. In the first quarter of 2025, the company reported revenue of $34.5 million.

Voyager Technologies is an innovation-focused defense and space company delivering advanced solutions in national security, space infrastructure, and mission-critical technologies. Since its founding in 2019, the company has secured approximately $800 million in contracts, including key projects with NASA, its largest customer.

"Voyager Technologies’ IPO is a significant milestone, not only for the company but also for the broader space sector, indicating its progression towards greater commercial maturity,” Rob Desborough, Managing Director of Seraphim Space Investment Trust – an early investor in Voyager Technologies – commented to Investing.com following the IPO. "We believe this successful listing may pave the way for a wave of public offerings from other high-quality space companies, those leveraging dual-use technologies to transform the global space, defence, and climate landscapes. This could unlock new opportunities for investors and accelerate innovation across the industry.”

This content was originally published on http://Investing.com