Latest news with #spaceTech
CTV News
11-06-2025
- Business
- CTV News
Space and defense tech firm Voyager raises US$382.8M in U.S. IPO
The New York Stock Exchange is seen in New York, Wednesday, Jan. 29, 2025. (AP Photo/Seth Wenig, File) Space and defense tech firm Voyager raises $382.8 million in U.S. IPO Voyager Technologies raised $382.8 million in its U.S. initial public offering, the space and defense tech company said on Tuesday, amid a global rush to amp up military spending. The company, which provides mission-critical space and defense technology solutions, along with some investors sold roughly 12.35 million shares at $31 per share, above its marketed range of $26 to $29. The offering is the latest in recent weeks as the U.S. IPO market regained its footing after being restricted by tariff-driven volatility. The Denver, Colorado–based company's IPO comes as President Donald Trump's administration looks to sharply increase spending on defense and space projects. Trump last month selected a design for his $175 billion Golden Dome project, a next-generation U.S. missile defense shield. The stock will trade on the New York Stock Exchange on Wednesday under the symbol 'VOYG.' Morgan Stanley and J.P. Morgan are the lead underwriters on the listing. (Reporting by Ateev Bhandari and Manya Saini in Bengaluru; Editing by Sriraj Kalluvila)
CNA
02-06-2025
- Business
- CNA
Starlab developer Voyager seeks $1.6 billion valuation in US IPO
Voyager Technologies said on Monday it was targeting a valuation of $1.6 billion in its U.S. listing, as the defense and space tech company looks to capitalize on a spending boost for the sector under the Trump administration. Companies are finding renewed opportunities to list shares on U.S. exchanges after the IPO market recovery was delayed by policy uncertainties linked to President Donald Trump's trade policies. Voyager's filing comes after digital banking startup Chime and stablecoin giant Circle also reignited their plans to go public in recent weeks. The Denver, Colorado–based company plans to sell 11 million shares and would raise $319 million if priced at the top of its proposed $26 to $29 range. The U.S. government is expected to boost spending on defense and space projects, with policymakers predicting Trump would push ahead with a race to the moon and possibly Mars, bolstered by his friendship with SpaceX founder Elon Musk. Last month, Trump selected a design for his $175 billion Golden dome missile defense shield, which aims to create a network of satellites to detect, track and potentially intercept incoming missiles. Founded in 2019, Voyager has completed more than 2,000 missions from about 35 nations, according to its website. The company is also developing Starlab, a potential commercial successor to the International Space Station, via a joint venture with Airbus, Mitsubishi, and Palantir. The company reported $34.5 million in net sales for the quarter ended March 31, up 14.2 per cent from the previous year. Losses attributable to Voyager, however, nearly doubled to $26.9 million in the period. Voyager's shares will trade on the New York Stock Exchange under the symbol "VOYG".
CNA
02-06-2025
- Business
- CNA
Defense and space firm Voyager seeks $1.6 billion valuation in US IPO
Defense and space tech company Voyager Technologies aims at a valuation of $1.6 billion in its U.S. listing, the company revealed in a filing on Monday. The Denver, Colorado–based company plans to sell 11 million shares and would raise $319 million if priced at the top of its proposed $26 to $29 range. Voyager's shares will trade on the New York Stock Exchange under the symbol "VOYG". Morgan Stanley and J.P. Morgan are the lead underwriters on the listing.
Entrepreneur
28-05-2025
- Business
- Entrepreneur
Ahmedabad's Orbitt Space Secures USD 1 Mn Funding Led by pi Ventures
The freshly raised capital will be deployed across three core areas: accelerating product design and engineering, expanding Orbitt's elite team of space scientists and engineers, and conducting rigorous prototype testing to validate their proprietary propulsion and avionics systems. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Orbitt Space, an Ahmedabad-based space-tech startup, has raised USD 1 million in pre-seed funding led by pi Ventures, with participation from IIMA Ventures. This milestone investment will power the company's development of breakthrough air-breathing electric propulsion systems and advanced satellite bus platforms tailored for Ultra Low Earth Orbit (ULEO), a largely untapped orbital zone below 250 km altitude. Founded in early 2025 by ex-ISRO scientists Christopher Parmar (CEO) and Anupam Kumar (CTO), Orbitt Space is on a mission to redefine satellite operations. Drawing from their hands-on experience with high-reliability space systems, the founders aim to solve the critical challenges of high atmospheric drag and limited fuel capacity that have historically prevented long-duration missions in ULEO. The freshly raised capital will be deployed across three core areas: accelerating product design and engineering, expanding Orbitt's elite team of space scientists and engineers, and conducting rigorous prototype testing to validate their proprietary propulsion and avionics systems. "ULEO is the cleanest and most strategic orbit around Earth, yet it has remained inaccessible until now," said Parmar. "Our electric propulsion system will change that, enabling satellites to operate longer missions at low altitudes while delivering advanced imaging and data capabilities without contributing to orbital pollution." Orbitt Space is developing a novel propulsion technology that uses residual atmospheric gases as propellant, eliminating the need for traditional onboard fuel. This fuel-free system, integrated into a 200kg-class agile satellite bus, will empower missions in Earth observation, telecommunications, climate monitoring, surveillance, and scientific research—areas where sharper imaging, low latency, and radiation protection are key advantages of ULEO. Kumar added, "For us, this isn't just about building propulsion systems—it's about reshaping how we access space. Our goal is to redefine global benchmarks for satellite performance, cost, and sustainability." Shubham Sandeep, Managing Director at pi Ventures, said "Orbitt Space is reimagining in-space propulsion by replacing traditional fuel with atmospheric gases. We're thrilled to support their bold vision for a cleaner, more efficient future in spacetech." Currently in the development phase, Orbitt plans to validate its systems with in-orbit demonstrations before launching commercially.
CNA
27-05-2025
- Business
- CNA
Asia's first think tank of global science experts launched
Singapore has just launched Asia's first think tank of global space experts to use space tech to potentially unlock more than $600 billion for the region's economy. They will work with things like satellite data to help industries such as agriculture and logistics. Former NASA scientist Dr Kartik Sheth, Chairman of the Singapore Space & Technology Think Tank Council, and Nicolette Yeo, the General Manager, talk about how the SST Think Tank will fund itself. They also point out the advantage of having this Asian think tank in Singapore. They also discuss the economic benefits that the think tank can bring to Singapore.
