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Why Voyager Stock Skyrocketed This Week
['Joe Tenebruso', 'Https', 'Www.Facebook.Com Themotleyfool']
The Motley Fool
Shares of Voyager Technologies (VOYG +9.24%) soared roughly 70% this past week after the aerospace company delivered strong second-quarter growth metrics.
The space stock saw record quarterly bookings of $113 million, bringing its backlog to $335.5 million as of June 30.
Expand NYSE : VOYG Voyager Technologies Today's Change ( 9.24 %) $ 3.54 Current Price $ 41.85 Key Data Points Market Cap $2.6B Market cap calculated using publicly traded shares outstanding only.
"Few companies can claim what Voyager occupies today: meaningful participation across defense technology, national security, and the rapidly expanding space economy," CEO Dylan Taylor said.
As Taylor indicated, Voyager is well placed to benefit from rising defense spending.