Voyager Technologies, Inc. Stock Price, News & Analysis

Voyager Technologies (NYSE: VOYG) announced management will participate in three investor conferences in early December 2025: the Wolfe Research Small and Mid-Cap Conference (Dec 2-3, virtual), BofA Securities Defense Technology Forum (Dec 5, Los Angeles), and Bernstein Insights 4th Annual Industrials Forum (Dec 9-10, New York).

Management will present and conduct investor meetings at each event, providing opportunities for investor engagement and updates on the company’s space, defense, and national security business.

Janus Henderson (NYSE: JHG) announced on November 20, 2025 a strategic investment, on behalf of accounts it manages, into Starlab Space, a commercial space station developer led by Voyager Technologies.

Starlab, founded in 2021 and headquartered in Houston, is a joint venture with partners including Airbus, Mitsubishi Corporation, MDA Space, Palantir Technologies, and Space Applications Services, and strategic partners such as Northrop Grumman and Hilton. The company is developing an AI-enabled commercial station to support continuous human presence in low-Earth orbit ahead of the ISS retirement in 2030. Janus Henderson notes it manages more than $40 billion in active small and mid cap equities and said the investment signals growing maturity in the commercial space economy.

Voyager Technologies (NYSE: VOYG) announced the acquisition of Estes Energetics, a U.S. manufacturer of energetics, propulsion materials and critical chemical compounds supporting missile defense and tactical munitions.

The deal gives Voyager end-to-end control from raw materials to ballistic release, aims to shore up fragile global supply chains, and increases domestic surge capacity, quality oversight and certification for defense, space and allied support.

Management said the acquisition closes a key gap in the domestic industrial base and supports rapid scaling of munitions production, routine training and long-term modernization.

Voyager Technologies (NYSE: VOYG) and Infleqtion announced a strategic partnership to advance dual-use neutral atom quantum technology in low-Earth orbit and beyond on November 12, 2025. The collaboration follows Infleqtion’s plan to go public via a merger with Churchill Capital Corp X (NASDAQ: CCCX).

Initial steps include integrating Infleqtion’s Tiqker quantum atomic clock aboard the International Space Station and later Starlab to provide an alternate high-precision time source intended to support commercial and national security missions, autonomous spacecraft coordination, and secure constellation communications.

Voyager Technologies (NYSE: VOYG) priced an upsized private offering of $435.0 million aggregate principal amount of 0.75% convertible senior notes due 2030, with settlement expected on November 12, 2025. Voyager granted an option for an additional $65.0 million for over-allotments. Net proceeds are estimated at $423.2 million (or ~$486.6M if option exercised) and will fund: capped call transactions (~$63.1M), repurchase of 1,162,477 shares for ~$27.7M at $23.83/share, a prepaid forward (~$131.1M), and general corporate purposes.

The initial conversion rate is 32.2799 shares per $1,000 principal (≈$30.98 conversion price), a ~30% premium to the Nov 6, 2025 last reported sale price. A capped call cap price is ≈$59.58 (~150% premium). Conversions, hedging, the prepaid forward and repurchases may affect the market price and dilution.

Voyager Technologies (NYSE: VOYG) announced a proposed private offering of $300 million aggregate principal amount of convertible senior notes due November 15, 2030, with an initial purchaser option for up to an additional $45 million of notes. The notes will accrue interest semi‑annually and may be settled in cash, shares of Class A common stock, or a combination, at Voyager’s election.

Voyager intends to use proceeds to (i) fund capped call transactions, (ii) repurchase up to approximately $175 million of Class A shares via privately negotiated transactions and a prepaid forward, and (iii) for general corporate purposes. The company expects capped calls with an initial cap at least a 100% premium to the last reported sale price at pricing. Conversions, repurchases on fundamental change, and redemptions are subject to specified conditions described in the announcement.

Starlab announced that Leidos (NYSE: LDOS) will lead U.S.-based assembly, integration and testing (AI&T) for Starlab's commercial space station.

Leidos will assemble and integrate station components, conduct environmental, functional and performance testing in Alabama, and provide safety & mission assurance, systems engineering, real-time crew support, and ground logistics and training infrastructure to support readiness for NASA, international partners and commercial users.

Voyager (NYSE: VOYG) announced the acquisition of ExoTerra Resource on October 27, 2025, adding electric propulsion capabilities aimed at defense and commercial spacecraft markets.

Key points: ExoTerra’s Halo thruster is proven aboard DARPA Blackjack ACES; ExoTerra supplied 21 propulsion modules to York Space Systems for the Space Development Agency Transport Layer; ExoTerra holds contracts with commercial customers and NASA. Voyager said the deal closes a domestic propulsion capability gap and supports manufacturing, testing and qualification of propulsion systems in the United States, aligning with Voyager’s strategic initiatives such as Golden Dome.