Saw that York Space Systems (YSS) is going public Thursday (Jan 29) and wondering if anyone else is planning to get in on it through SoFi Invest. Price range is $30-34/share, they're raising about $512M. Similar competitors: $FLY, $VOYG. Space and defense has been hot so looks like a decent opportunity.
For those who haven't heard of them - York is a Denver-based satellite manufacturer focused on defense contracts. They've been around since 2012 and build small to medium satellites for government/military programs. They've got 74 missions under their belt with over 4 million hours on-orbit. Revenue jumped 59% year-over-year to $280M (nine months ending Sept 2025), though they're still unprofitable with a $56M net loss. They're trading at around a $4B valuation at the midpoint, which seems pretty aggressive for a company that's not profitable yet, and appear to have better financials than $VOYG, $FLY and $LUNR.