Voyager announces first public stock offering, valued at $1.6 billion
The Starlab design in 2025. Click
for original image.
The space station startup Voyager Technologies yesterday announced its first public stock offering, with the hope of raising almost $400 million in investment capital.
Underwriters have a 30-day option to purchase up to 1.65 million additional Class A shares, on top of the 11 million initially offered, which are expected to be priced between $26 and $29 each. If fully subscribed at the top end of the range, the IPO could raise as much as $367 million in gross proceeds.
Voyager plans to build the Starlab space station, launched as a single large module by SpaceX’s Starship/Superheavy rocket, but so far has cut no metal, focusing its work entirely on designs. It has also signed deals with several foreign companies in Europe and Japan as well as the European Space Agency, positioning itself as providing the international community a station to replace ISS when it is gone.
At the moment however I rank Starlab fourth among the four commercial space stations under development, mostly because it has built nothing. Hopefully the funds raised by this stock offering will allow it to start some construction work.
- Haven-1, being built by Vast, with no NASA funds. The company is moving fast, with Haven-1 to launch and be occupied in 2026 for an estimated 30 days total. It hopes this actual hardware and manned mission will put it in the lead to win NASA’s phase 2 contract, from which it will build its much larger mult-module Haven-2 station..
- Axiom, being built by Axiom, has launched three tourist flights to ISS, with a fourth scheduled for early June, carrying passengers from India, Hungary, and Poland. Though there have been rumors it has cash flow issues, development of its first module has been proceeding more or less as planned.
- Orbital Reef, being built by a consortium led by Blue Origin and Sierra Space. Overall, Blue Origin has built almost nothing, while Sierra Space has successfully tested its inflatable modules, including a full scale version, and appears ready to start building its module for launch.
- Starlab, being built by a consortium led by Voyager Space, Airbus, and Northrop Grumman, with an extensive partnership agreement with the European Space Agency. It recently had its station design approved by NASA, but it has built nothing. This might change once it obtains several hundred million dollars from its initial public offering of stock.
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The Starlab design in 2025. Click
for original image.
The space station startup Voyager Technologies yesterday announced its first public stock offering, with the hope of raising almost $400 million in investment capital.
Underwriters have a 30-day option to purchase up to 1.65 million additional Class A shares, on top of the 11 million initially offered, which are expected to be priced between $26 and $29 each. If fully subscribed at the top end of the range, the IPO could raise as much as $367 million in gross proceeds.
Voyager plans to build the Starlab space station, launched as a single large module by SpaceX’s Starship/Superheavy rocket, but so far has cut no metal, focusing its work entirely on designs. It has also signed deals with several foreign companies in Europe and Japan as well as the European Space Agency, positioning itself as providing the international community a station to replace ISS when it is gone.
At the moment however I rank Starlab fourth among the four commercial space stations under development, mostly because it has built nothing. Hopefully the funds raised by this stock offering will allow it to start some construction work.
- Haven-1, being built by Vast, with no NASA funds. The company is moving fast, with Haven-1 to launch and be occupied in 2026 for an estimated 30 days total. It hopes this actual hardware and manned mission will put it in the lead to win NASA’s phase 2 contract, from which it will build its much larger mult-module Haven-2 station..
- Axiom, being built by Axiom, has launched three tourist flights to ISS, with a fourth scheduled for early June, carrying passengers from India, Hungary, and Poland. Though there have been rumors it has cash flow issues, development of its first module has been proceeding more or less as planned.
- Orbital Reef, being built by a consortium led by Blue Origin and Sierra Space. Overall, Blue Origin has built almost nothing, while Sierra Space has successfully tested its inflatable modules, including a full scale version, and appears ready to start building its module for launch.
- Starlab, being built by a consortium led by Voyager Space, Airbus, and Northrop Grumman, with an extensive partnership agreement with the European Space Agency. It recently had its station design approved by NASA, but it has built nothing. This might change once it obtains several hundred million dollars from its initial public offering of stock.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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