HawkEye 360 Stock Jumps 30% After $416 Million IPO as Defense-Space Demand Builds

Shares of HawkEye 360 soared 30% as the satellite intelligence firm opened on the New York Stock Exchange Thursday, landing a valuation near $3.15 billion following its $416 million initial public offering. Edward Best, a partner with Willkie Farr & Gallagher, pointed to the IPO pricing as evidence of “strong market appetite for defense-related IPOs.”