Shares in Voyager Technologies soared in their public debut June 11 as the company plans to use the proceeds to support work in defense and space.

Voyager plans to use the cash injection from the offering to fund investment in research and development programs and buy assets needed for growth.

Discover why Voyager Technologies (VOYG) is rated a SELL with a $33.49 target. Learn about overvaluation, slow revenue growth, and long-term project risks.

Voyager Technologies debuted on the New York Stock Exchange June 11, raising nearly $383 million in an upsized IPO that investors hope will spur more space-focused companies to go public.

The market for initial public offerings seems to be improving after the stock selloff linked to tariff concerns in early April. Shares in Voyager Technologies rose sharply in their debut on the New York Stock Exchange on Tuesday.

Voyager's stock will trade on the New York Stock Exchange on Wednesday under the symbol "VOYG" at $31 per share.

Stocks were mostly higher Thursday following earlier declines as President Donald Trump said he intends to set unilateral tariffs on trading partners within the next one or two weeks, stoking trade tensions after a spell of relative calm.

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