Voyager
“Can a vertically integrated defense and space solutions company scale government and commercial missions while transitioning to public markets?”
Founded2019
HQDenver, CO, USA
Total raised~$178M (pre-IPO) + $383M IPO
Latest roundIPO, 2025
Valuation$1.6B (IPO target range)
IndustryVertical SaaS / Defense & Space
The story
Founded in 2019, Voyager Technologies is a Denver-based defense technology and space solutions company operating across intelligence collection, defense systems, advanced space technology, and space mission services. The company raised ~$178M in venture funding before going public in 2025, listing on the NYSE under VOYG at a valuation targeting $1.6B. Its IPO raised $383M at $31/share, with shares closing up 82% on debut day. Voyager's embedded finance footprint is minimal and not a core part of its business model.
Product timeline
2019
Voyager Technologies founded as an innovation-driven defense technology and space solutions company.· pivot
2023
Began developing Starlab Commercial Space Station in partnership with Airbus.· acquisition
2025
Priced IPO at $31/share on NYSE (ticker: VOYG), raising $383M; shares soared 82% on debut.· ipo
The stack
Accounting gap: none