Voyager Technologies(NYSE) VOYG

Voyager Technologies, Inc. builds equipment for national security and space travel. It helps governments and companies protect assets and work in space. Its systems allow humans to live and conduct research in orbit.

Missions From Earth to Orbit

• Defense and Space Technologies: High-performance electronics, propulsion systems, and missile defense tools; generated $53.2 million in net sales in the three-month period ended June 30, 2026.
• Starlab Space Stations: Commercial orbiting laboratory designed to replace the International Space Station; reported no net sales in the three-month period ended June 30, 2026.

Expanding the Reach of Space

• Executed 12 acquisitions since 2019, including the July 2026 purchase of Astrobotic.
• Formed the Starlab Joint Venture with international partners Airbus, Mitsubishi, and MDA Space.
• Received $211.0 million in cumulative cash proceeds from NASA grants to design a commercial space station.
• Completed an initial public offering in June 2025, generating $409.4 million in net proceeds.

What Makes Voyager Different

Voyager integrates multiple specialist companies to serve as a primary contractor for complex government and commercial space missions. The company focuses on building infrastructure for a commercial space economy while maintaining critical defense systems.

Counting the Costs of Innovation

• Net sales reached $52.7 million in the three-month period ended June 30, 2026, up 15.5% year over year.
• The net loss attributable to the company was $46.5 million for the three-month period ended June 30, 2026.
• Total backlog was $335.5 million as of June 30, 2026, including $189.0 million in funded orders.
• The U.S. government accounted for 87.7% of the funded backlog as of June 30, 2026.
• Cash and cash equivalents totaled $373.4 million as of June 30, 2026.

Bottom Line

Voyager has transitioned from a series of acquisitions into an integrated provider of mission-critical defense and space infrastructure. Its development of the Starlab commercial space station positions the company as a central player in the post-International Space Station era.