What Happened
Surveillance Firm Sees Strong Market Debut Amid Rising Defense Spending
Hawkeye 360 Inc., a provider of satellite-based signals intelligence for US government agencies, saw its shares soar 30% after raising $416 million in a US initial public offering. The company’s IPO was priced at the top of a marketed range, with shares opening at $33.80 each on Thursday in New York. Founded in 2015, Hawkeye 360 operates a constellation of over 30 satellites and uses its own signal-processing algorithms to process classified data. The company’s revenue jumped to $117.7 million in 2025, up from $67.6 million a year earlier. This development was first reported by Yahoo Finance.