Voyager Technologies, a space and defense company backed by Palantir Technologies (PLTR, Financial), has filed for an initial public offering (IPO), signaling increased investor interest in the commercial space sector. The Denver-based company is expected to be valued between $2 billion and $3 billion, according to The Wall Street Journal.

Voyager is developing Starlab, a private NASA-funded space station in low-Earth orbit. The company also operates a defense and national security division, leveraging Palantir's AI capabilities through a strategic partnership. The IPO comes at a time when space stocks are rallying, with names like Rocket Lab USA (RKLB, Financial) and Intuitive Machines (LUNR, Financial) seeing double-digit gains since President Trump's inauguration.

The administration has emphasized space exploration, with Trump reaffirming his goal of reaching Mars. Voyager has yet to announce an IPO date. Meanwhile, Oppenheimer and Stifel remain bullish on Palantir, citing its expanding AI and defense applications. Analysts currently see moderate downside risk in PLTR stock despite its strategic investments.