Voyager Technologies (VOYG)
Voyager Technologies (VOYG) is a defense and space company that builds national-security space systems and leads development of Starlab, a commercial space station planned to succeed the International Space Station. In ETFpedia it represents the upstream defense-and-infrastructure side of the U.S. space tech theme. It is a recent 2025 IPO and still loss-making.
| Ticker | VOYG |
|---|---|
| Exchange | NYSE |
| Sector | Space · Defense & Space Stations |
| Country | United States |
| Wikidata | Q133802652 |
| Last updated | 2026-06-04 |
Next event:Next earnings · Q2 2026, estimated · Calendar-estimated from prior years and not confirmed by Voyager; check IR. Voyager is a recent IPO with a short reporting history. Last report: Q1 2026 in early May 2026. (source)
Latest reported quarter:Q1 2026 (ended Mar 31, 2026) (reported2026-05-04)
Voyager reported Q1 2026 revenue of $35.2 million and a net loss attributable to common shareholders of $44.0 million, or $0.75 per share. It also reported a record backlog of $275.3 million, up 54% year over year, and raised its full-year 2026 revenue guidance to a range of $230 million to $255 million.
| Revenue | $35.2M |
|---|---|
| Net loss attributable to common | -$44.0M · -$0.75 per share |
| Record backlog | $275.3M+54%YoY · 1Q bookings $45.2M; book-to-bill 1.3 |
Guidance:Full-year 2026
| Revenue | $230M-$255M · Raised on record backlog; about 67% expected in the second half |
|---|
Recent & upcoming events
- · Q1 2026 results, record backlog, guidance raise.Revenue $35.2M with a net loss attributable to common of $44.0M; record backlog of $275.3M (+54%) and full-year 2026 revenue guidance raised to $230M-$255M. (source)
- · Starlab completes NASA Commercial Critical Design Review.Starlab, the Voyager-led commercial space station joint venture with Airbus, completed its Commercial Critical Design Review with NASA, a milestone toward full-scale development ahead of a planned 2028 launch. (source)
Q1 2026 figures are from Voyager's earnings release and Form 8-K/10-Q. Voyager completed its NYSE IPO in June 2025, so it has a short public reporting history.
Figures are as of 2026-06-04 and reflect the most recent public filings/IR releases; they are updated after each earnings report.
What does Voyager Technologies do?
Voyager works at the intersection of defense and space infrastructure. One side of the business supplies national-security and defense space systems tied to programs such as missile defense and next-generation interceptors. The other side is Starlab, a commercial low Earth orbit space station that Voyager is developing through a joint venture with Airbus, designed to take over from the aging International Space Station. Voyager completed its NYSE initial public offering in June 2025, pricing at $31.00 per share (Voyager IR), so it has only a short public reporting history.
Why is Voyager Technologies a U.S. space tech company?
The U.S. space tech theme is anchored by companies that build durable space hardware and infrastructure, not just resell connectivity. Voyager is upstream in that sense twice over: it supplies defense space systems, and it is building one of the few credible commercial successors to the ISS. A government space station replaced by a commercial platform is exactly the kind of long-lived infrastructure shift the theme is meant to capture.
“Starlab, the Voyager-led commercial space station joint venture, completed its Commercial Critical Design Review with NASA, a milestone toward full-scale development ahead of a planned 2028 launch.”
— Voyager Technologies (Starlab CCDR press release)
What did Voyager Technologies report most recently?
In Q1 2026 (the quarter ended March 31, 2026), Voyager reported revenue of $35.2 million and a net loss attributable to common shareholders of $44.0 million, or $0.75 per share (Voyager IR). The standout was the order book: Voyager reported a record backlog of $275.3 million, up 54% year over year, with first-quarter bookings of $45.2 million and a book-to-bill ratio of 1.3. For full-year 2025, Voyager generated revenue of $166.4 million, up about 15%, against a net loss of roughly $112.3 million. Investors should treat this as an early-stage profile: the company is spending well ahead of revenue.
What is Voyager’s guidance?
On the back of its record backlog, Voyager raised full-year 2026 revenue guidance to a range of $230 million to $255 million, and management said it expects about 67% of that revenue to land in the second half of the year (Voyager IR). The guidance raise reflects stronger conversion of pipeline into funded backlog rather than current-quarter revenue, which was modest.
What are the risks for Voyager Technologies?
- Ongoing losses and cash burn. Voyager remains loss-making with negative free cash flow; its Q1 2026 net loss exceeded its quarterly revenue.
- Starlab execution and funding. A commercial space station is a multi-year, capital-intensive undertaking that depends on NASA support, partners, and a 2028 launch timeline that could slip.
- Program and policy dependence. Much of the defense business hinges on government budgets and program timing, which can shift.
- Recent IPO. A short public history, modest revenue base, and lumpy quarterly results add volatility.
Related securities, concepts & terms
- U.S. Space Techparent
- Firefly Aerospace (FLY)sibling
Related indices & ETFs
- Akros U.S. Space Tech Index · AkrosThe U.S. space-tech index that includes Voyager Technologies as an upstream member.
Frequently asked questions about Voyager Technologies
What does Voyager Technologies do?
Voyager Technologies is a defense and space company. It builds national-security and defense space systems and leads the development of Starlab, a commercial low Earth orbit space station planned as a successor to the International Space Station. It reported Q1 2026 revenue of $35.2 million and a record backlog of $275.3 million.
Why is Voyager Technologies part of the U.S. space tech theme?
Voyager sits upstream in the space value chain, supplying defense space hardware and developing orbital infrastructure. Its Starlab space station is meant to be a commercial platform that takes over from the ISS, the kind of long-lived space infrastructure that anchors the U.S. space tech theme.
What is Starlab?
Starlab is a planned commercial low Earth orbit space station developed by Starlab Space, a joint venture led by Voyager with Airbus. It is intended to succeed the International Space Station, with a launch targeted for around 2028. In early 2026 the project completed its Commercial Critical Design Review with NASA, a milestone toward full-scale development.
Is Voyager Technologies profitable?
No. Voyager is an early-stage, recently public company investing ahead of revenue. In Q1 2026 it reported revenue of $35.2 million and a net loss attributable to common shareholders of $44.0 million, or $0.75 per share. Full-year 2025 revenue was $166.4 million with a net loss of about $112.3 million. It did, however, raise full-year 2026 revenue guidance to $230 million to $255 million on record backlog.
When does Voyager Technologies report its next earnings?
Voyager is expected to report Q2 2026 results in August 2026. As a recent IPO it has a short reporting history, so that date is calendar-estimated and unconfirmed; check Voyager's investor relations page. It last reported Q1 2026 in early May 2026.
Sources & references
- Voyager Reports First Quarter 2026 Financial Results, Reports 1Q Record Backlog, Increases 2026 Revenue Guidance · Voyager Technologies, Inc. / Business Wire, 2026-05-04
- Voyager Technologies · Q1 2026 results (Form 8-K, Exhibit 99.1) · Voyager Technologies, Inc. / SEC EDGAR, 2026-05-04
- Starlab Completes NASA Commercial Critical Design Review · Voyager Technologies, Inc., 2026-02-01
- Voyager Announces Closing of Initial Public Offering · Voyager Technologies, Inc., 2025-06-13
- Voyager Technologies · Events & Presentations (Investor Relations) · Voyager Technologies, Inc., 2026-06-04