Arxis Inc. announced a Nasdaq Global Select Market IPO seeking to raise up to $1.06 billion by selling 37.7 million shares at $25‑$28 each.
At the top price, Arxis would be valued around $11.2 billion based on its outstanding shares per SEC filing.
Defense and space made up about 47% of 2025 revenue; commercial aerospace about 23%, and 90% of sales came from proprietary products.
Arxis posted $46 million net income on $1.6 billion revenue last year, reversing a $55 million loss on $743 million revenue in 2024, with ~5,750 employees.