Voyager Technologies (VOYG) Stock Rises on U.S. Space Force Contract Win
TLDR
- Voyager Technologies (VOYG) stock rose 2% Monday after securing a U.S. Space Force Space Systems Command contract.
- The contract involves developing space-to-space communication capabilities for the Department of Defense.
- Voyager will build a flight-ready waveform design and conduct an on-orbit communication demonstration.
- VOYG opened at $43.13 Tuesday, up 3.1%, with a market cap of $2.38 billion.
- 13 analysts give VOYG a “Moderate Buy” consensus, with an average 12-month price target of $43.91.
Voyager Technologies (VOYG) stock climbed 2% on Monday after the company announced it had won a contract with the U.S. Space Force Space Systems Command. By Tuesday, the stock had opened at $43.13, up 3.1% on the session.
Voyager Technologies, Inc., VOYG
The stock has traded between $17.41 and $52.40 over the past 52 weeks and carries a high beta of 4.19, meaning it moves sharply relative to the broader market.
The contract tasks Voyager with developing space-to-space communication capabilities to support a resilient data transport architecture for the Department of Defense. It is designed to advance the Space Force’s ability to connect spacecraft across multiple orbits.
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