HawkEye 360 priced its initial public offering at $26 per share Wednesday, raising $416 million after selling 16 million shares at the top of its marketed range, the company said.

Shares for national-security satellite company HawkEye 360 HAWK 30.27% jumped in their public-market debut, a sign of investor demand for defense-related companies ahead of SpaceX’s blockbuster offeri...