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Voyager Technologies
secured a valuation of $3.8 billion after the defense and space firm’s shares more than doubled in their U.S. debut, signaling strong interest in the sector expected to thrive under the Trump administration.
The Denver, Colorado–based company’s stock opened 125% higher on Wednesday at $69.75 apiece, above the $31 offer price. Voyager raised $382.8 million by selling nearly 12.4 million shares in an upsized IPO.
The space industry is undergoing major policy shifts under President Donald Trump, which has proposed a $175 billion Golden Dome project that aims to create a missile defense shield in the U.S.
