Voyager Technologies Stock Plummets: What Triggered the August 2025 Crash?

Another day, another tech stock getting body-slammed by the market gods. Voyager Technologies just joined the club—here's why traders are hitting the sell button.

The Bloodbath Breakdown

No fancy footwork here—just a straight-up nosedive. The charts look like a skydiver without a parachute. Classic case of 'buy the rumor, sell the news' gone wrong.

Wall Street's Short Memory

Analysts who pumped this as 'the next big thing' three months ago are now scrambling to downgrade. Funny how price targets magically adjust after the damage is done—almost like they're making it up as they go.

Crypto Connection?

Rumors swirl about exposure to some vaporware blockchain project. Because nothing tanks a valuation faster than the words 'strategic Web3 pivot.'

Bottom line: Another reminder that in tech investing, gravity always wins. Eventually.

Image source: Getty Images.

Voyager Technologies Q2 earnings

Reporting Q2 results last night, Voyager fessed up to a $0.60-per-share loss -- twice what Wall Street feared -- despite generating sales of $45.7 million, ahead of the forecast.

Sales came (perhaps obviously) not from the space stations that Voyager hasn't built yet but rather from the company's defense business, which builds missiles for the military, and where sales grew 85%. Losses were in part due to "non-recurring costs associated with the Company's IPO," which is at least somewhat reassuring.

Is Voyager stock a sell?

Less reassuring is company guidance. Management noted that full-year sales will range from $165 million to $170 million in 2025, which is ahead of analyst forecasts. However, on earnings, management noted only that "adjusted EBITDA" will show a loss, and it said not a word about its likely losses as calculated according to generally accepted accounting principles (GAAP), or about free cash flow, either.

Voyager did note that it is "debt-free" and has "total liquidity of $669 million," suggesting the company should be able to burn cash for some time before it runs out. The bad news:

It will probably have to.