Hawkeye 360 Inc's stock soared 6.81% intraday on Tuesday, continuing its positive momentum from pre-market trading.

The surge follows the company's successful initial public offering, which priced at the high end of its expected $24-26 range, raising $416 million. Hawkeye 360 is one of the few profitable companies in the space technology sector to go public, operating over 30 satellites that provide signal intelligence data to defense and national security agencies.

Additional positive sentiment comes from a NASA contract secured in early April to support commercial crew space and low-orbit satellite programs, contributing to the stock's upward movement amid a broader defense technology IPO boom.