Satellite manufacturer York Space Systems sets terms for $512 million IPO
January 28, 2026 News
Satellite manufacturer York Space Systems prices upsized IPO at $34, the high end of the range
York Space Systems, which makes satellites and mission-critical systems for space and defense programs, raised $629 million by offering 18.5 million shares at $34, the high end of the range of $30 to $34. The company had originally planned to offer 16.0 million shares. At pricing, York commands a fully diluted market value of $4.3 billion, 8% higher than previously anticipated
IPO Overview
York Space Systems, which makes satellites and mission-critical systems for space and defense programs, announced terms for its IPO on Friday.
The Denver, CO-based company plans to raise $512 million by offering 16 million shares at a price range of $30 to $34. At the midpoint of the proposed range, York Space Systems would command a market cap of $4.0 billion.
York is a space and defense primary contractor, providing design, manufacturing, integration, and operation of spacecraft platforms. Its spacecraft suite includes its S-CLASS, LX-CLASS, and M-CLASS families. York is the number one provider to the Department of Defense PWSA program by spacecraft operating in orbit （33）， number of contracts （6）， and variety of contract types, and has logged over 4 million on-orbit hours across 74 missions and 17 flight-heritage products. The company operates more than 45 ground antennas worldwide.
York Space Systems was founded in 2012 and plans to list on the NYSE under the symbol YSS. Goldman Sachs, Jefferies, Wells Fargo Securities, J.P. Morgan, Citi, Truist Securities, Baird, and Raymond James are the joint bookrunners on the deal.
About the Company
York Space Systems is a leading, US-based, space and defense primary contractor providing a comprehensive suite of mission-critical solutions for national security, government and commercial customers. /York is one of the only space and defense primes with proprietary hardware and software capabilities designed to address customers’ complex mission requirements across the critical elements of the entire space ecosystem throughout the mission lifecycle. York is the number one provider to the US Department of Defense’s （“DoD”） Proliferated Warfighter Space Architecture （“PWSA”） by number of spacecraft operating in-orbit, by number of contracts, and by variety of contract types as of September 2025./ York is a partner of choice for our customers, with differentiated performance versus traditional primes based on price, speed to deployment, and sophistication of capabilities. We produce our satellites at approximately half the cost of our competitors and have been the first to deliver and launch satellites for the PWSA. York is the first and only company to demonstrate Link-162 connectivity from space, highlighting our unique and innovative capabilities. York is purpose built to address national security space challenges and to adapt to the ongoing shift in the US government’s mission needs and procurement processes, where economics, agility, rapid capabilities, and heritage drive customer decision making.