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

Defense-technology and space company Voyager Technologies Inc. is on deck for an initial public offering, marking something of a milestone for the space sector.

What Happened: Space and defense tech firm Voyager Technologies made its public debut on the New York Stock Exchange Wednesday. The stock opened for trading at $69.75 after the company priced its IPO at $31 per share. Voyager shares pared gains throughout the session and closed the day up 82.2% at $56.48, according to Benzinga Pro.

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

Yahoo Finance host Julie Hyman tracks today's top moving stocks and biggest market stories in this Market Minute, including Voyager Technologies (VOYG) making its public debut on the New York Stock Exchange via an IPO,

Voyager Technologies (VOYG) raised $383 million in an upsized initial public offering ahead of the aerospace firm’s planned listing at the New York Stock Exchange. According to a regulatory filing, the company sold over 12 million shares for $31 apiece.