Jim Cramer Discussed These 16 Stocks Recently

3. Voyager Technologies, Inc. (NYSE:VOYG)

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Voyager Technologies, Inc. (NYSE:VOYG) is one of the 16 stocks that Jim Cramer recently discussed. Here’s what Cramer had to say about the company:

“But wait, there’s more. In a market that’s engulfed in the kind of extreme speculation we have not seen in years, arguably since the 90s, few sectors have gripped us more than space and defense. So along comes Voyager Technologies, which launched itself in the public market today with a dazzling IPO. Nine days ago, this company said it would sell 11 million shares at a price between $26 and $29. They ended up issuing 12.35 million shares at $31, and then the stock opened at $69 and 75 cents, and why not? Listen to… this part of the prospectus that describes the company… ‘We are an innovation-driven defense technology and space solutions company. Our company was purpose-built to reflect this goal.’ Then the document goes on and says, ‘We strive to solve complex challenges to fortify national security, protect critical assets, and unlock new frontiers for human progress and economic development.’

That’s not all. Voyager is ‘developing artificial intelligence-enabled edge computing in space, bringing intelligence processing directly to satellites to enhance security and accelerate decision making.’… Not only is this company purpose-built to reflect those goals, I think it’s purpose-built for the year of magical thinking and the speculative bubble it’s building because while it has, it has revenues, it’s been losing, again, gobs of money. But now that it’s come public, you could argue that Voyager can raise all the money at once.”

Voyager Technologies (NYSE:VOYG) develops advanced defense and space technologies and focuses on delivering high-impact solutions for critical missions.