US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/york-space-systems-inc" target="_blank" data-smartkarma-citation="entities:46299:1" rel="noopener">York Space Systems (YSS US)</a> went public on 29 January 2026 on NYSE with a float of 15% and has a current market cap of $3.5bn.</li>
<li>Inclusion in US indices is anticipated in March with a significant upweight in September 2026 following the IPO lock-up expiry.</li>
<li>
<a href="https://www.smartkarma.com/entities/york-space-systems-inc" target="_blank" data-smartkarma-citation="entities:46299:1" rel="noopener">York Space Systems (YSS US)</a> is expected to be excluded from Global indices at least in the short-term due to insufficient market cap and float cap.</li>
</ul>



York Space Systems (YSS US) went public on 29 January 2026 on NYSE with a float of 15% and has a current market cap of $3.5bn.
Inclusion in US indices is anticipated in March with a significant upweight in September 2026 following the IPO lock-up expiry.

York Space Systems (YSS US) is expected to be excluded from Global indices at least in the short-term due to insufficient market cap and float cap.


York Space Systems (YSS US): Launching Into US Index Inclusion in March & Upweight in September

US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

Equity Capital Markets

York Space Systems / Equity Capital Markets

<ul>
<li>York Space Systems (YSS US) opened strong at $38.00, up 11.8%, but fell to close at $33.61, just below its $34 IPO price.</li>
<li>The IPO was multiple-times oversubscribed and priced at the high end of guidance, reflecting robust pre-IPO demand and investor interest.</li>
<li>Aftermarket weakness highlights fragile market conditions, with short-term flippers benefiting while broader IPO stabilization remains uncertain despite strong fundamentals.</li>
</ul>


York Space Systems (YSS US) opened strong at $38.00, up 11.8%, but fell to close at $33.61, just below its $34 IPO price.
The IPO was multiple-times oversubscribed and priced at the high end of guidance, reflecting robust pre-IPO demand and investor interest.
Aftermarket weakness highlights fragile market conditions, with short-term flippers benefiting while broader IPO stabilization remains uncertain despite strong fundamentals.


York Space Station (YSS): Defense-Space IPO Opens Higher, Fades Through Issue Price

<ul>
<li>York Space Systems is targeting a $3.75b–$4.25b valuation in a January IPO, backed by AE Industrial Partners and BlackRock, following strong sector precedents.</li>
<li>The company is the leading provider to the DoD’s PWSA and a prime contractor on Golden Dome, benefiting from accelerating defense space spending.</li>
<li>Revenue grew 59% year over year in 2025, with expanding recurring software and services supporting long-term growth despite near-term losses.</li>
</ul>


York Space Systems is targeting a $3.75b–$4.25b valuation in a January IPO, backed by AE Industrial Partners and BlackRock, following strong sector precedents.
The company is the leading provider to the DoD’s PWSA and a prime contractor on Golden Dome, benefiting from accelerating defense space spending.
Revenue grew 59% year over year in 2025, with expanding recurring software and services supporting long-term growth despite near-term losses.


York Space Station (YSS): Targets $4B Valuation as Defense-Space Momentum Fuels January IPO

Get Ahead with IPO Insights, IPO Prophet

IPO Prophet

Get Ahead with IPO Insights

At IPO Prophet®, our team leverages over three decades of expertise to deliver actionable quantitative analytics for the IPO market in real-time. This platform synthesizes our extensive experience investing in IPOs, providing investors with revolutionary tools to navigate the complexities of issuance day. Our mission is to empower investors with data-driven insights to make more informed decisions.

<ul><li>✅ IPO PROPHET RATING: 7.9/10 🏦 Deal Quality &amp; Underwriters: 8.6/10 York Space Systems is entering the public markets as a scaled satellite manufacturing and mission systems provider focused on defense and national security customers.</li><li>The company’s value proposition centers on execution, delivery reliability, and integration into government space architectures rather than experimental or consumer-oriented space narratives.</li><li>York has built a repeatable manufacturing platform and accumulated a sizable backlog that provides forward revenue visibility.</li></ul>

✅ IPO PROPHET RATING: 7.9/10 🏦 Deal Quality &amp; Underwriters: 8.6/10 York Space Systems is entering the public markets as a scaled satellite manufacturing and mission systems provider focused on defense and national security customers.The company’s value proposition centers on execution, delivery reliability, and integration into government space architectures rather than experimental or consumer-oriented space narratives.York has built a repeatable manufacturing platform and accumulated a sizable backlog that provides forward revenue visibility.

<ul>
<li>York Space Systems (YSS US) revenues surged 59% in nine months, leveraging momentum and investor interest ahead of its late-January IPO.</li>
<li>The company plans to raise over $500 million, targeting a $4 billion valuation, with AE Industrial Partners maintaining a significant stake post-IPO.</li>
<li>Vertically integrated, cost-efficient, and technologically advanced, York leads the DoD’s PWSA program, offering scalable satellite platforms, mission services, and recurring revenue streams.</li>
</ul>


York Space Systems (YSS US) revenues surged 59% in nine months, leveraging momentum and investor interest ahead of its late-January IPO.
The company plans to raise over $500 million, targeting a $4 billion valuation, with AE Industrial Partners maintaining a significant stake post-IPO.
Vertically integrated, cost-efficient, and technologically advanced, York leads the DoD’s PWSA program, offering scalable satellite platforms, mission services, and recurring revenue streams.


York Space Station (YSS): Space & Defense Company Sets Terms for IPO Seeking North of $4b Valuation

United States

York Space Systems, Inc. manufactures spacecraft platforms and satellite components. The Company designs and produces flight-proven satellites, ground systems, and mission control software. York Space Systems serves government and commercial sectors in the United States.

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York Space Systems (YSS US)