Voyager Technologies secures capital backing for its Starlab Space Stations venture, boosting its low-Earth orbit market expansion plans.
Voyager Technologies Inc. (NYSE:VOYG) surged 29.6 percent week-on-week after its joint venture, Starlab Space Stations, secured funding from 1789 Capital. The backing supports expansion into the low-Earth orbit (LEO) market amid competition from China’s Tiangong station.
The venture includes Airbus, Mitsubishi Corporation, MDA Space, Palantir Technologies, and Space Applications Services. Voyager’s president emphasized the need for U.S. presence in LEO as the International Space Station nears retirement.
The rally also reflects portfolio positioning ahead of investor conferences later this month and in June.