Why Voyager Technologies Stock Went to the Moon on Monday
Key PointsNASA chooses eight companies to share $10 billion in contracts to deliver payloads to the moon.
Voyager Technologies (VOYG +16.55%) saw its stock surge nearly 17% on Monday following NASA's selection of it, along with seven other firms, to carry out lunar cargo deliveries potentially worth up to $10 billion. The Commercial Lunar Payload Services (CLPS) initiative, as detailed in a NASA press release, entails a 10-year, multi-award, indefinite-delivery/indefinite-quantity master contract with an aggregate maximum value of $10 billion.
Eight companies were chosen to vie for task orders under the CLPS program, with no single entity expected to secure the entire sum. Even if Voyager Technologies only managed to claim a fraction of the funds, it would still reap a substantial $1.25 billion -- more than five times the revenue it generated from all its divisions and projects in the previous year.
This news validates Voyager's strategic move to venture beyond orbital space station work and delve into lunar projects. The company's $300 million investment in Astrobotic, a lunar lander-maker, appears to be paying off dividends. Moreover, the potential for the $10 billion contract to expand to $15 billion and extend until 2041, as Voyager highlighted in its own announcement, suggests even more significant upside for the firm.
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