HawkEye 360 (HAWK) priced its IPO at $26.00 – the top of its range – and sold 16 million shares – the number in the prospectus – to raise $416 million on Wednesday night, May 6, 2026. The U.S. defense contractor’s stock is expected to start trading tomorrow – Thursday, May 7, 2026 – on the New York Stock Exchange. The IPO was marketed at a price range of $24.00 to $26.00.
At pricing, HawkEye 360 had a market cap of $2.42 billion.
BlackRock-backed HawkEye 360 runs a satellite signal-processing platform. HawkEye 360 operates over 30 satellites, which work in clusters of three, the prospectus said
Goldman Sachs and Morgan Stanley led the joint book-runners’ team. RBC Capital Markets, Jefferies, BofA Securities, Baird, Raymond James and William Blair rounded out the book-runners’ team.
BlackRock, a major private equity firm, is among the principal shareholders – with a 6.1 percent stake before the IPO and a 5.1 percent stake afterwards, the prospectus said. Other principal shareholders include Insight Partners – a software-focused venture capital and private equity firm – with an 18 percent stake before the IPO and a 15 percent stake after the deal, and NightDragon, a venture capital firm that specializes in cybersecurity and defense, with an 11.7 percent stake before the IPO and a 9.7 percent stake after the deal.
HawkEye 360 was founded in September 2015 by a team of U.S. military veterans, engineers and national security technologists. The company, based in Herndon, Virginia, is a U.S. Department of Defense (Department of War) contractor.
HawkEye 360’s U.S. customers are predominantly U.S. government entities, which provided 61 percent of its revenue last year, the company said in the prospectus. Japan accounted for 16 percent of HawkEye 360’s revenue in 2025 and the company’s other non-U.S. customers supplied 23 percent of its revenue.
The company plans to use $49.8 million from the IPO’s proceeds to pay off some debt and $7.5 million to make a deferred payment related to its completion in December 2025 of Innovative Signal Analysis Inc., according to the prospectus.
HawkEye 360 is profitable: It earned net income of $2.7 million on revenue of $117.7 million for the 12 months that ended Dec. 31, 2025, according to the prospectus.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
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