Swarmer Stock Surges Again After IPO as Ukraine-Tested Drone Software Draws Wall Street
Swarmer shares soared 77% to finish at $55 on Wednesday, piling onto Tuesday’s explosive Nasdaq debut. The drone-autonomy software outfit—backed by Erik Prince—had already rocketed 520% above its $5 IPO price on day one. With its two-session rally, the Austin company now ranks among the year’s hottest new U.S. listings, rivaling Newsmax’s splashy debut last year. This shift is significant: investors now see battle-proven autonomy software as its own defense play, rather than simply a feature built into drone hardware. Shares are climbing as conflicts in Ukraine and the Middle East boost the need for cost-effective unmanned gear and code. Another factor—Washington is cracking down on foreign-made drones sold in the U.S.
