Voyager Technologies
Dylan Taylor
Data verified as of Jul 12, 2026
Summary
Voyager Technologies is a Denver-based defense-technology and space-infrastructure company best known for leading Starlab, the international joint venture building a commercial successor to the International Space Station. Founded in October 2019 by Dylan Taylor as Voyager Space Holdings, the company grew by rolling up twelve space and defense firms — including Altius Space Machines and Pioneer Astronautics (2020), The Launch Company, Valley Tech Systems and Nanoracks (2021), Space Micro (2022), ZIN Technologies (2023), and Estes Energetics, ExoTerra Resource and LEOcloud (2025). Through Nanoracks it owns the Bishop Airlock, the first and only permanent commercial module on the ISS, operating since December 2020. Starlab won a $160M NASA Commercial LEO Destinations award in December 2021 (later raised to $217.5M) and evolved into Starlab Space LLC, a US-led JV with Airbus, Mitsubishi Corporation and MDA Space, with Palantir supplying station software, Hilton designing crew quarters and Northrop Grumman providing Cygnus resupply. The single-launch, 8-meter-class station — with roughly half the ISS's pressurized volume — is contracted to fly on SpaceX's Starship, now targeted for 2029, and completed its Commercial Critical Design Review with NASA in February 2026, clearing the way for flight manufacturing. Voyager rebranded to Voyager Technologies in early 2025 to emphasize national security and went public on NYSE in June 2025, raising $382.8M and briefly touching a ~$3.8B valuation. Its Defense & National Security segment — solid and electric propulsion, energetics, signals intelligence and communications — is its fastest-growing business and put it on the Anduril-led team named among the Space Force's Golden Dome space-based-interceptor awardees in April 2026. In June 2026 it agreed to acquire lunar-lander developer Astrobotic for up to $300M. As of July 2026 Voyager trades near a $1.85B market cap, posted $166.4M of 2025 revenue (net loss $116.1M), guides to $230–255M for 2026 on a record $275.3M backlog, and awaits NASA's CLD Phase 2 competition, whose draft RFP was released July 7, 2026.
Main Products
Next-generation commercial space station developed by Starlab Space, the Voyager-led JV with Airbus, Mitsubishi Corporation and MDA Space. The ~8-meter-diameter, two-deck station launches complete in a single SpaceX Starship flight — no on-orbit assembly — and hosts a continuous crew of four with ISS-equivalent payload capability, an MDA SKYMAKER robotic arm, Palantir-built AI/data infrastructure and Hilton-designed crew quarters. Completed NASA Commercial Critical Design Review in February 2026; targeting a 2029 launch.
CCDR complete (Feb 2026); transitioning to manufacturing, fabrication, testing and assembly ahead of a targeted 2029 Starship launch, pending NASA CLD Phase 2 outcome
The first and only permanent commercially owned module on the International Space Station, built by Nanoracks (now Voyager) with Thales Alenia Space and Boeing. The bell-shaped, ~4 m³ airlock — five times the capacity of the station's government airlock — deploys CubeSats and external payloads, hosts experiments and ejects trash, and has operated since its December 2020 arrival on SpaceX CRS-21.
Installed on the ISS Tranquility module December 19, 2020; in commercial service for NASA and private payload customers
What's Next
NASA released the Phase 2 draft RFP on July 7, 2026 (industry feedback due July 27) and plans at least two early development contracts for commercial space stations before a later down-select, with the award expected in spring 2027. Winning is the pivotal catalyst for Starlab's multi-billion-dollar opportunity.
Close the Astrobotic acquisition
The up-to-$300M acquisition of lunar-lander maker Astrobotic (announced June 2, 2026) was expected to close by early July 2026 pending regulatory approvals, turning Voyager into an end-to-end lunar infrastructure provider. Watch for the closing announcement and integration plan.
Move Starlab into flight-hardware manufacturing
Following the February 2026 Commercial Critical Design Review — the 28th NASA milestone — Starlab transitions from design validation to manufacturing, fabrication, testing and assembly of the flight station. Watch for structural test article and long-lead hardware milestones.
Track Record
1 of 3 announced dates hit · 2 slipped
Operations & Revenue
As of July 2026 Voyager trades on the NYSE (~$1.85B market cap) with three segments: Defense & National Security (its growth engine, up 63% in Q4 2025 and boosted by Golden Dome interceptor work with Anduril), Space Solutions (Bishop Airlock ISS services, in-space propulsion, space science), and Starlab. The company is unprofitable — Q1 2026 revenue of $35.2M came with a $44.0M net loss — but holds a record $275.3M backlog, raised 2026 guidance to $230–255M, and closed 2025 with over $700M of liquidity. Starlab completed its Commercial Critical Design Review in February 2026 and is moving toward flight manufacturing while NASA's CLD Phase 2 draft RFP (released July 7, 2026) sets up the decisive station competition; the Astrobotic acquisition announced June 2026 adds lunar landers to the portfolio.
Revenue Streams
Solid-fuel and electric propulsion, energetics, radiation-hardened electronics, signals intelligence, communications and AI-powered edge computing for defense customers — the fastest-growing segment (63% YoY growth in Q4 2025), including work on the Anduril-led Golden Dome space-based interceptor team and a spot on the Air Force's $46B agile acquisition contract vehicle.
ISS commercial services through the Bishop Airlock (payload hosting, satellite deployment, trash disposal), in-space electric propulsion systems, and space science and exploration hardware drawing on Nanoracks and ZIN Technologies heritage.
Starlab (NASA milestones today, station services later)
Milestone payments under the $217.5M NASA Commercial LEO Destinations Space Act Agreement fund development today; after launch, Starlab Space (majority-owned JV) would sell astronaut time, payload racks and research services to NASA, international agencies and commercial customers as an ISS replacement.
Key Metrics
Employees
~800 (as of early 2026)
Timeline
On February 23, 2026 Starlab completes its Commercial Critical Design Review with NASA — the 28th milestone under its Space Act Agreement — confirming the design is mature and executable and marking the transition from design to manufacturing, fabrication, testing and assembly.
On April 24, 2026 the Space Force reveals up to $3.2B in contracts to 12 companies to develop Golden Dome space-based interceptors. Voyager participates on the Anduril-led team alongside Impulse Space and K2 Space, contributing energetics, propulsion, and digital avionics and communications technologies.
On June 2, 2026 Voyager announces the acquisition of Pittsburgh lunar-lander company Astrobotic Technology — $162M in cash and stock plus up to $129M in earnouts and $9M of assumed debt — expanding into commercial lunar delivery and lunar power. The deal was expected to close by early July 2026.
After pausing the Phase 2 acquisition in January 2026 to revisit requirements, NASA releases a draft request for proposals on July 7, 2026, planning at least two early development contracts for commercial space stations. Industry feedback is due July 27, positioning Starlab for the decisive ISS-replacement competition.
The Voyager-Airbus JV Starlab Space LLC closes on January 9, 2024, and NASA adds $57.5M to the Space Act Agreement (total $217.5M) on January 5. On January 31 Starlab books SpaceX's Starship to launch the entire station in a single flight.
Mitsubishi Corporation joins the Starlab joint venture as an equity owner in April 2024, followed by Canada's MDA Space on May 29, 2024, which contributes SKYMAKER robotic arms and external robotics. Palantir (station software/AI, February 2024), Hilton (crew quarters, 2022) and Northrop Grumman (Cygnus resupply, 2023) round out the partner network.
Airbus Defence and Space joins the Starlab program in January 2023, replacing Lockheed Martin and shifting the design from inflatable to a rigid metallic 8-meter-class module. Voyager and Airbus formalize a joint venture agreement in August 2023 after passing NASA's Systems Requirements Review in June.
Voyager acquires a majority stake in X.O. Markets, parent of ISS-services leader Nanoracks, in May 2021 — its marquee acquisition among twelve since 2019, including Altius Space Machines and Pioneer (2020), The Launch Company and Valley Tech Systems (2021), Space Micro (2022) and ZIN Technologies (2023).
In December 2021 NASA selects the Nanoracks/Voyager-led Starlab team for a $160M Commercial LEO Destinations Space Act Agreement — the largest of three awards, ahead of Blue Origin's Orbital Reef ($130M) and Northrop Grumman ($125.6M). Starlab is proposed as a free-flying successor to the ISS.
The Nanoracks Bishop Airlock, the first permanent commercial module on the International Space Station, launches on SpaceX CRS-21 on December 6, 2020 and is berthed to the Tranquility module on December 19. Voyager acquires Bishop's owner Nanoracks the following year.