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.

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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.

Shares in Voyager Technologies soared in their public debut June 11 as the company plans to use the proceeds to support work in defense and space.

Voyager Technologies, Inc. ("Voyager") (NYSE: VOYG) today announced the closing of its underwritten initial public offering of 14,200,645 shares of its Class A common stock, which