Overview
- York raised $629 million by selling 18.5 million shares at $34 each in an upsized U.S. IPO completed Wednesday.
- Shares opened at $38 on the New York Stock Exchange, up 11.8% from the offer price and implying a roughly $4.75 billion market value.
- Founder and CEO Dirk Wallinger said York aims to contribute to President Trump's 'Golden Dome' missile defense effort, pointing to its work for the U.S. Space Development Agency.
- The Denver-based company, founded in 2012 and backed by AE Industrial Partners, is expanding into software through its ATLAS Space Operations acquisition, with analysts cautioning that government contract news may still drive volatility.
- The debut extends a run of strong defense and space listings, with investors also watching for a potential SpaceX IPO later this year.