Defense-and-space company Voyager Technologies, which counts Palantir Technologies (PLTR) as an investor, has filed to hold an initial public offering (IPO).
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The Denver-based company is expected to be valued at $2 billion to $3 billion, according to a report in The Wall Street Journal. Voyager is developing a commercial space station with funding from NASA. It has 1,000 employees and also operates a defense and national security business.
News of Voyager’s IPO comes as Wall Street gears up for what’s expected to be a busy year for IPOs and deals under the new administration of U.S. President Donald Trump. The Trump administration is also expected to focus on space, with the president saying during his inauguration speech that he wants to go to Mars.
Space Stocks Rise
Voyager looks to be going public an opportune time. Space stocks have been on a tear since Trump’s inauguration, with several names such as Rocket Lab USA (RKLB) and Intuitive Machines (LUNR) rising 15% or more in the past week.
Founded in 2019, Voyager counts Palantir Technologies as one of its largest pre-IPO investors. Voyager and Palantir have a strategic partnership that integrates Palantir’s artificial intelligence (AI) capabilities into its defense work. The private space station that Voyager is preparing to build with funding from NASA in low-Earth orbit is called “Starlab.”
An exact date for the upcoming IPO has not yet been announced.
Is PLTR Stock a Buy?
As Voyager is not yet publicly traded, we look instead at one of its biggest investors, Palantir Technologies. PLTR stock has a consensus Moderate Sell rating among 19 Wall Street analysts. That rating is based on two Buy, 10 Hold, and seven Sell recommendations issued in the last three months. The average PLTR price target of $48.27 implies 33.94% downside risk from current levels.
