Group 1 - York Space Systems had its initial public offering (IPO) on the NYSE, selling 18.5 million shares at $34 each, despite initially planning for 16 million shares priced between $30 and $34 [1] - After opening at $38.10, York's stock closed below its offering price at $33.95 and continued to decline, indicating it is considered a broken IPO [2] - Established in 2012, York Space specializes in building military satellites and has three main satellite families, with a manufacturing capability of over 1,000 satellites annually [3] Group 2 - York is a key supplier to the U.S. Space Force's Proliferated Warfighter Space Architecture (PWSA) missile defense program, with 33 of its satellites currently in orbit out of 136 on order [3] - The company has an 83% win rate on contracts under PWSA and has contracts for about 14% of all satellites ordered under this program [4] - York's revenue is heavily reliant on the Space Development Agency (SDA), and any changes in funding or mandates could significantly impact future revenues [5]

One of the biggest players in President Donald Trump's Golden Dome missile defense system just went public.York Space Systems (YSS 9.24%) had its initial public offering (IPO) on the NYSE last week.Pre-IPO, York planned to offer 16 million shares at a price ranging from $30 to $34 per share. Strong demand resulted in 18.5 million shares actually being sold, and the stock ultimately priced at the top of this range -- $34. When trading began on Thursday, York stock opened even higher, trading first at $38.10 ...

For the moment, it is a relief to know that the company's revenues are increasing and losses are narrowing. Revenues for the nine months ended Sept, 30, 2025, were $280.9 million, as losses narrowed to $56 million from $73.6 million in the same period a year ago. The full year 2024 saw the company record revenues of $253.5 million, up 6% from the previous year. However, 2024 saw net losses widening to $98.9 million from $29.7 million in 2023.Just like the process of developing satellites is a complex and ca ...

Core Insights - York Space Systems (YSS) experienced modest gains on its first trading day, which is considered a solid achievement given the challenging market conditions [1] Group 1: Company Performance - The debut of York Space Systems occurred amidst a strong pricing process, indicating effective market positioning despite the difficult environment [1] Group 2: Market Context - The overall market conditions are described as difficult, which adds significance to the performance of YSS on its first trading day [1]

Group 1 - York Space Systems' stock fell 4.2% in pre-market trading after its NYSE debut, where shares initially rose 11.7% to $38 from the $34 IPO price, valuing the company at approximately $4.75 billion, but closed down 1.15% at $33.61 [1] - The company's CEO, Dirk Wallinger, is positioning York as a key player in President Trump's Golden Dome missile defense project, highlighting its strategic importance [2] - Wallinger stated that Golden Dome aims to enable disparate systems to work together, aligning with York's capabilities as a holistic solution provider for national defense [3] Group 2 - York has launched 21 low-Earth orbit satellites for the U.S. Space Development Agency and has completed 74 missions since its inception in 2012 [4] - The original budget for the Golden Dome project was $175 billion, but it could increase to over $831 billion according to the Congressional Budget Office [4]

Summary of Key Points Core Viewpoint - Six new stocks entered the US capital market on January 29, 2026, raising approximately $1.783 billion, with three additional companies set to list that evening, all of which are SPACs [1]. Group 1: Newly Listed Stocks - **York Space System (YSS)**: - Opened at $38 per share, up 11.76% from the offering price, but closed at $33.61, down 1.15%, with a total market capitalization of $4.201 billion [2]. - Issued 18.5 million shares at $34 each, raising $629 million. The company provides end-to-end critical solutions for space missions in the aerospace and defense sectors, reporting $281 million in revenue and a net loss of $56.04 million for the first nine months of 2025 [4]. - **Ethos Technologies (LIFE)**: - Opened at $19 per share, unchanged from the offering price, and closed at $16.85, down 11.32%, with a total market capitalization of $1.061 billion [5]. - Issued 10.53 million shares at $19 each, raising $200 million. The company operates a technology platform connecting consumers, agents, and insurance companies, reporting $277 million in revenue and a net profit of $46.59 million for the first nine months of 2025 [7]. - **Picpay (PICS)**: - Opened at $19.5 per share, a slight increase of 2.63%, and closed at $19, with a total market capitalization of $2.462 billion [7]. - Issued 22.86 million shares at $19 each, raising $434 million. The company serves the Brazilian market across various sectors, reporting $1.122 billion in revenue and a net profit of $59 million for the first nine months of 2025 [10]. Group 2: SPACs - Three SPACs listed: - **Xsolla SPAC 1 (XSLLU)** raised $200 million, targeting the video game industry and related sectors [10]. - **United Acquisition I (UACU)** raised $100 million, with no specific acquisition target yet identified, focusing on companies with strong management and competitive advantages [10]. - **K2 Capital Acquisition (KTWOU)** raised $120 million, concentrating on humanoid robotics, physical AI, and advanced energy sectors, particularly small modular nuclear reactors [10].

Company Overview - York Space Systems began trading publicly on the New York Stock Exchange, opening at $38, which is an 11.7% increase from its offering price of $34, valuing the company at $4.75 billion [1] Core Project - The company is positioned as a key contributor to President Trump's 'Golden Dome' project, which aims to integrate disparate systems for better communication [2] - York Space Systems has already delivered low-earth orbit satellites for the U.S. Space Development Agency, successfully launching 21 satellites in September [2] Industry Trends - The space technology sector has been gaining momentum, with expectations for significant growth in 2026, following several IPOs in the previous year, including companies like Firefly Aerospace, Voyager Technologies, and Karman Holdings [3]

Core Viewpoint - York is going public amidst significant optimism and excitement surrounding space stocks [1] Company Summary - York is entering the public market at a time characterized by heightened interest in the space industry [1]

周四，York Space Systems(YSS.US)登陆美股市场，开盘涨超1%，报34.3美元，IPO价格为34美元。York Space Systems是一家太空与国防领域的主承包商，提供航天器平台的设计、制造、集成及运营。其航天 器产品组合包括S-CLASS、LX-CLASS和M-CLASS系列。在国防部PWSA项目(激增低轨卫星架构项目) 中，该公司在轨道运行航天器数量(33个)、合同数量(6份)以及合同类型多样性方面均排名第一。该公司 已在74项任务中记录了超过400万个轨道飞行小时，并拥有17款经过飞行验证的产品。此外，该公司在 全球范围内运营着45多个地面天线。 ...

智通财经APP获悉，周四，York Space Systems(YSS.US)登陆美股市场，开盘涨超1%，报34.3美元，IPO 价格为34美元。York Space Systems是一家太空与国防领域的主承包商，提供航天器平台的设计、制 造、集成及运营。其航天器产品组合包括 S-CLASS、LX-CLASS 和 M-CLASS 系列。在国防部 PWSA 项目(激增低轨卫星架构项目)中，该公司在轨道运行航天器数量(33 个)、合同数量(6 份)以及合同类型多 样性方面均排名第一。该公司已在 74 项任务中记录了超过 400 万个轨道飞行小时，并拥有 17 款经过飞 行验证的产品。此外，该公司在全球范围内运营着 45 多个地面天线。 ...