Firefly Aerospace Is Going Public. The Stock Starts Trading Thursday.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2025
0mins
Should l Buy VOYG?
Source: Barron's
Successful Lunar Landing: Firefly Aerospace's Blue Ghost lunar lander successfully landed on the moon in March.
IPO Challenge: The company now faces the challenge of convincing Wall Street that its stock has potential for a successful IPO.
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Analyst Views on VOYG
Wall Street analysts forecast VOYG stock price to rise
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 26.640
Low
25.00
Averages
38.80
High
45.00
Current: 26.640
Low
25.00
Averages
38.80
High
45.00
About VOYG
Voyager Technologies, Inc. is a defense technology and space solutions company. The Company is developing and delivering transformative, mission-critical solutions to customers, enabled by its advanced technology, analytics and space infrastructure capabilities. Its solutions include communications and intelligence collection systems, defense systems, advanced space technology, in-space infrastructure and space mission services. The Company’s business consists of diversified solutions across three business segments: Defense & National Security provides mission-critical solutions to protect dynamic and contested domains; Space Solutions delivers space infrastructure, advanced space technology, science systems and mission services that power commercial, academic and government missions from low-Earth orbit to deep space, and Starlab Space Stations, is a commercial space station planned to succeed the ISS and provide continued permanent human presence in space.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Voyager Technologies to Announce Q4 Earnings on March 9th
- Earnings Announcement: Voyager Technologies is set to release its Q4 2023 earnings on March 9th after market close, with consensus EPS estimates at -$0.36 and revenue at $48.07 million, indicating ongoing challenges in profitability.
- Earnings Estimate Adjustments: Over the last three months, EPS estimates have seen one upward revision and two downward revisions, while revenue estimates have experienced no upward revisions and two downward revisions, reflecting analysts' cautious outlook on the company's future performance, which may impact investor confidence.
- Investment Agreement: Voyager Technologies has signed an investment agreement with UND to integrate early-stage innovations into the Starlab and Golden Dome projects, potentially opening new growth avenues for the company, particularly in the space technology sector.
- Market Engagement: Recently, Voyager Technologies participated in Citi's Global Industrial Tech & Mobility Conference and Barclays' 43rd Annual Industrial Select Conference, showcasing its active presence in the industry and strategic positioning for future developments.
See More
Voyager Invests in Max Space to Advance Lunar Habitat Development
- Strategic Investment: Voyager Technologies announced a multi-million-dollar strategic investment in Max Space to advance the development of next-generation expandable space habitats, significantly enhancing U.S. competitiveness in space infrastructure for sustained lunar operations and future deep-space missions.
- Technological Innovation: Max Space's expandable habitat technology can expand up to 20 times its stowed volume at its destination, optimizing usable floor area per kilogram delivered, thereby enhancing human productivity and operational flexibility in a gravity environment, directly supporting NASA's Artemis Program.
- Long-Term Vision: Voyager's investment aligns with its strategic goal to deliver sustainable mission-ready systems, facilitating the transition from demonstration missions to durable lunar capabilities, underscoring the company's strong commitment to future deep-space exploration.
- Market Impact: This investment not only strengthens Max Space's market position but also provides critical enabling infrastructure that maximizes livable volume, enhances crew safety, and reduces the cost and complexity of surface deployment, further solidifying Voyager's strategic positioning in lunar and broader space domains.
See More
VOYAGER TECHNOLOGIES INC - REVEALS MULTI-MILLION-DOLLAR INVESTMENT IN MAX SPACE FOR LUNAR HABITATS
Investment Announcement: Voyager Technologies has announced a multi-million dollar investment in Max Space, focusing on lunar habitats.
Purpose of Investment: The investment aims to enhance technology and infrastructure for sustainable living on the Moon.
See More
Voyager Technologies Reports Strong Q4 2025 Earnings and Raises 2026 Guidance
- Raised Revenue Guidance: Voyager Technologies has increased its 2026 revenue guidance from $165-$170 million to $225-$255 million, representing a projected year-over-year growth of 35%-53%, indicating strong market demand and the company's confidence in future growth.
- Defense and National Security Growth: This segment achieved a 63% year-over-year increase in Q4 2025, driving overall net sales up 24% year-over-year, reflecting the company's execution capabilities and robust market demand in the defense sector.
- Accelerated Innovation Investment: The company plans to increase its internal R&D spending to approximately 20% of net sales in 2026, with capital expenditures expected to be between $60 million and $70 million, to support technological innovation and market expansion.
- Strong Cash Flow and Liquidity: As of year-end 2025, Voyager Technologies reported $491 million in cash and $213 million in credit facilities, totaling over $700 million in liquidity, providing a solid foundation for future acquisitions and growth.
See More
Voyager Technologies Reports Strong Growth and Strategic Outlook for 2026
- Defense Segment Growth: Voyager Technologies reported a 63% year-over-year increase in sales within its Defense and National Security segment for Q4 2025, driven by initiatives like the Next Generation Interceptor, indicating strong demand and market positioning in defense.
- Financial Performance Fluctuations: Despite a full-year adjusted EBITDA loss of $69.9 million in 2025, an increase from the previous year, the company successfully raised over $1 billion, enhancing liquidity for innovation and strategic growth initiatives.
- Revenue Guidance Increase: The company raised its 2026 revenue guidance to a range of $225 million to $255 million, representing a year-over-year growth of 35% to 53%, reflecting increased defense spending and a robust backlog that provides revenue visibility for the future.
- Increased R&D Investment: Voyager plans to increase its internally funded R&D investment to approximately 20% of net sales in 2026, which not only underscores the company's commitment to technological innovation but also aims to drive long-term growth through enhanced research capabilities.
See More
Voyager Technologies Stock Surge Explained
- Earnings Highlights: Voyager Technologies reported fourth-quarter revenue of $46.65 million, slightly below the $48.22 million expected by analysts, yet the adjusted loss of $0.37 per share significantly outperformed the anticipated $0.55 loss, indicating improved profitability despite the revenue miss.
- Defense Segment Growth: The Defense and National Security segment generated $35.7 million in revenue, marking a 63% year-over-year increase, which served as the primary driver of overall performance, reflecting sustained market demand in this sector.
- Optimistic Future Outlook: Voyager expects total revenue for 2026 to range between $225 million and $255 million, compared to analyst estimates of $231.7 million, showcasing the company's confidence in future growth prospects.
- Technical Indicator Analysis: The stock is trading 3.9% above its 20-day SMA but 3.2% below its 50-day SMA, indicating short-term volatility; however, with an RSI of 44.63 suggesting the stock is not overbought and a bullish MACD indicating improving momentum, the outlook remains cautiously optimistic.
See More
Voyager Technologies to Announce Q4 Earnings on March 9th
- Earnings Announcement: Voyager Technologies is set to release its Q4 2023 earnings on March 9th after market close, with consensus EPS estimates at -$0.36 and revenue at $48.07 million, indicating ongoing challenges in profitability.
- Earnings Estimate Adjustments: Over the last three months, EPS estimates have seen one upward revision and two downward revisions, while revenue estimates have experienced no upward revisions and two downward revisions, reflecting analysts' cautious outlook on the company's future performance, which may impact investor confidence.
- Investment Agreement: Voyager Technologies has signed an investment agreement with UND to integrate early-stage innovations into the Starlab and Golden Dome projects, potentially opening new growth avenues for the company, particularly in the space technology sector.
- Market Engagement: Recently, Voyager Technologies participated in Citi's Global Industrial Tech & Mobility Conference and Barclays' 43rd Annual Industrial Select Conference, showcasing its active presence in the industry and strategic positioning for future developments.
See More
Voyager Invests in Max Space to Advance Lunar Habitat Development
- Strategic Investment: Voyager Technologies announced a multi-million-dollar strategic investment in Max Space to advance the development of next-generation expandable space habitats, significantly enhancing U.S. competitiveness in space infrastructure for sustained lunar operations and future deep-space missions.
- Technological Innovation: Max Space's expandable habitat technology can expand up to 20 times its stowed volume at its destination, optimizing usable floor area per kilogram delivered, thereby enhancing human productivity and operational flexibility in a gravity environment, directly supporting NASA's Artemis Program.
- Long-Term Vision: Voyager's investment aligns with its strategic goal to deliver sustainable mission-ready systems, facilitating the transition from demonstration missions to durable lunar capabilities, underscoring the company's strong commitment to future deep-space exploration.
- Market Impact: This investment not only strengthens Max Space's market position but also provides critical enabling infrastructure that maximizes livable volume, enhances crew safety, and reduces the cost and complexity of surface deployment, further solidifying Voyager's strategic positioning in lunar and broader space domains.
See More
VOYAGER TECHNOLOGIES INC - REVEALS MULTI-MILLION-DOLLAR INVESTMENT IN MAX SPACE FOR LUNAR HABITATS
Investment Announcement: Voyager Technologies has announced a multi-million dollar investment in Max Space, focusing on lunar habitats.
Purpose of Investment: The investment aims to enhance technology and infrastructure for sustainable living on the Moon.
See More
Voyager Technologies Reports Strong Q4 2025 Earnings and Raises 2026 Guidance
- Raised Revenue Guidance: Voyager Technologies has increased its 2026 revenue guidance from $165-$170 million to $225-$255 million, representing a projected year-over-year growth of 35%-53%, indicating strong market demand and the company's confidence in future growth.
- Defense and National Security Growth: This segment achieved a 63% year-over-year increase in Q4 2025, driving overall net sales up 24% year-over-year, reflecting the company's execution capabilities and robust market demand in the defense sector.
- Accelerated Innovation Investment: The company plans to increase its internal R&D spending to approximately 20% of net sales in 2026, with capital expenditures expected to be between $60 million and $70 million, to support technological innovation and market expansion.
- Strong Cash Flow and Liquidity: As of year-end 2025, Voyager Technologies reported $491 million in cash and $213 million in credit facilities, totaling over $700 million in liquidity, providing a solid foundation for future acquisitions and growth.
See More
Voyager Technologies Reports Strong Growth and Strategic Outlook for 2026
- Defense Segment Growth: Voyager Technologies reported a 63% year-over-year increase in sales within its Defense and National Security segment for Q4 2025, driven by initiatives like the Next Generation Interceptor, indicating strong demand and market positioning in defense.
- Financial Performance Fluctuations: Despite a full-year adjusted EBITDA loss of $69.9 million in 2025, an increase from the previous year, the company successfully raised over $1 billion, enhancing liquidity for innovation and strategic growth initiatives.
- Revenue Guidance Increase: The company raised its 2026 revenue guidance to a range of $225 million to $255 million, representing a year-over-year growth of 35% to 53%, reflecting increased defense spending and a robust backlog that provides revenue visibility for the future.
- Increased R&D Investment: Voyager plans to increase its internally funded R&D investment to approximately 20% of net sales in 2026, which not only underscores the company's commitment to technological innovation but also aims to drive long-term growth through enhanced research capabilities.
See More
Voyager Technologies Stock Surge Explained
- Earnings Highlights: Voyager Technologies reported fourth-quarter revenue of $46.65 million, slightly below the $48.22 million expected by analysts, yet the adjusted loss of $0.37 per share significantly outperformed the anticipated $0.55 loss, indicating improved profitability despite the revenue miss.
- Defense Segment Growth: The Defense and National Security segment generated $35.7 million in revenue, marking a 63% year-over-year increase, which served as the primary driver of overall performance, reflecting sustained market demand in this sector.
- Optimistic Future Outlook: Voyager expects total revenue for 2026 to range between $225 million and $255 million, compared to analyst estimates of $231.7 million, showcasing the company's confidence in future growth prospects.
- Technical Indicator Analysis: The stock is trading 3.9% above its 20-day SMA but 3.2% below its 50-day SMA, indicating short-term volatility; however, with an RSI of 44.63 suggesting the stock is not overbought and a bullish MACD indicating improving momentum, the outlook remains cautiously optimistic.
See More
