York Space Systems

YSS

Market cap $3.27B

York Space Systems went public Thursday -- and now trades below its offering price. This brand new space stock isn't cheap, though, costing more than 11 times annual sales.

Forgent Power Solutions, Liftoff Mobile and several consumer and biotech firms are set to go public.

U.S. IPO Weekly Recap: Trio Of Sizable Listings Underwhelm To Close Out January

York Space Systems targets evolving national security space needs with vertically integrated, mission-critical solutions, benefiting from shifting procurement trends. York´s IPO priced at $34 per share values the company at $4.25 billion, with a pro forma net cash position exceeding $300 million. Despite 2023 revenue of $238 million and operating losses doubling to $92 million in 2024, recent quarters show accelerating revenue and narrowing losses.