Space companies are going public again. In June, Voyager Technologies conducted an initial public offering (IPO) on the New York Stock Exchange, raising $440 million, much of which will be used to support its proposed Starlab commercial space station. A few weeks later, Firefly Aerospace announced its intent to conduct an IPO, one that could raise more than $630 million for the launch and spacecraft developer.

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Jeff Foust writes about space policy, commercial space, and related topics for SpaceNews. He earned a Ph.D. in planetary sciences from the Massachusetts Institute of Technology and a bachelor’s degree with honors in geophysics and planetary science...