NSE:DSSL 12 December 2025 - 13 December 2025

April 9, 2026, 9:45 AM EDT. Industrial firm Arxis aims to raise $1.06 billion in a U.S. initial public offering (IPO), driven by rising demand in defense and space sectors. The Connecticut-based company's shares are priced between $25 and $28, valuing Arxis at up to $11.2 billion. Arxis designs and manufactures mission-critical components for aerospace, defense, medical, and industrial markets. The firm's revenue surged to $1.6 billion in 2024 with a $46 million net income, reversing a prior loss amid increased global defense spending linked to conflicts and NATO security boosts. Arxis benefits from the U.S. focus on modernizing defense stockpiles and the expanding space industry, with defense and space accounting for 47% of projected 2025 revenue. Goldman Sachs, Morgan Stanley, and Jefferies lead the offering slated for Nasdaq under ticker ARXS.