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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.

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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.

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York Space Systems / Equity Capital Markets

<ul>
<li>Shares have declined 48% from the IPO price despite completing acquisitions and expanding the business. </li>
<li>Operational execution has remained constructive, but sector sentiment has deteriorated significantly. </li>
<li>The space investment theme has cooled, weighing on valuations across the industry.</li>
</ul>


Shares have declined 48% from the IPO price despite completing acquisitions and expanding the business. 
Operational execution has remained constructive, but sector sentiment has deteriorated significantly. 
The space investment theme has cooled, weighing on valuations across the industry.


York Space Systems (YSS): Six Months Later, York Has Come Back to Earth

US-EU Index Rebalances / Quantitative Researcher

Dimitris Ioannidis

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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

<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

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<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.

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)

York Space Systems (YSS): Six Months Later, York Has Come Back to Earth

Despite acquisitions and business expansion, shares have dropped 48% from IPO price due to sector sentiment decline in the cooling space...

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