• Voyager Technologies' shares surged 125% during its NYSE debut, valuing the company at $3.8 billion.
• The IPO raised $382.8 million, featuring nearly 12.4 million shares sold at an initial price of $31.
• Pledging a portion of raised funds for research and acquisitions, Voyager heavily relies on the U.S. government for revenue.

Voyager Technologies, a defense and space systems firm, made a spectacular debut on the New York Stock Exchange, with shares skyrocketing 125%, concluding the first day at $69.75, significantly above the initial offer price of $31. This surge in stock value resulted in a total valuation of $3.8 billion.

The company's initial public offering (IPO) raised $382.8 million, selling nearly 12.4 million shares in an upsized offering. The strong performance of Voyager follows that of other defense-related firms, highlighting a robust investor interest in the space and defense sector amidst shifts in government policies.

Voyager plans to allocate its IPO proceeds towards research and development, further asset acquisitions, and addressing operational needs. Yet, it is noteworthy that the company primarily relies on government contracts, with approximately 80% of its $144 million revenue for the previous year coming from U.S. government contracts, including significant contributions from NASA.

The thriving market reaction to Voyager's IPO can be attributed to a noticeable increase in defense spending and heightened interest in technology-focused defense firms in light of current geopolitical tensions. The company’s registration highlights its role in furthering U.S. technological advancements in defense capabilities.