Space-tech IPO signals growing investor appetite for defense sector. HawkEye 360, a Virginia-based space analytics firm, raised $416 million in its U.S. IPO by pricing shares at $26 each, the top end of its indicated range. The company sold 16 million shares, valuing it at approximately $2.42 billion. HawkEye provides signal-intelligence data to defense and intelligence agencies, operating over 30 satellites that detect and analyze radio frequency emissions globally. The offering reflects strong momentum in new listings following a robust April and underscores market confidence in space-technology companies ahead of anticipated SpaceX filings. Founded in 2015, HawkEye generates significant revenue from U.S. government contracts and recently expanded capabilities through its December acquisition of ISA.
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