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York Space Systems completed an initial public offering that valued the company at $4.75 billion.
AE Industrial Partners combined Firefly Aerospace, York Space Systems, and Rocketdyne propulsion heritage to construct a Virtual Prime aimed at vertical integration.
York filed a motion to dismiss its protest on January 28, one day before its planned public listing on the New York Stock Exchange.
Both York and Apex Space are eager to move past the legal challenge.
York ended its protest of a Small Business Innovation Research (SBIR) contract awarded to Apex Space.
York filed a complaint in June in the U.S. Court of Federal Claims arguing it should have been able to compete for a Space Systems Command $45.9 million Phase II SBIR contract to build multiple multi-orbit satellites.
York alleged that the Phase II SBIR contract was an improper use of the SBIR program because it was not awarded to develop new technology and violated recent Trump administration orders to rely on open competitions when technology is available commercially.
Judge Loren Smith accepted York’s motion and formally dismissed the case on January 30 with prejudice.
York went public on the New York Stock Exchange on January 29.
York filed a motion asking the court to dismiss its protest on January 28.
York Space Systems demonstrated shorter production timelines during the Space Development Agency’s Dragoon mission last year.
York Space Systems aims to reduce production lead time from around two years to seven months to support faster deployment.
York Space Systems claims it can build satellites at roughly half the cost of competitors.
York Space Systems operates multiple constellations.
York Space Systems is a contractor on PWSA and is an experienced satellite manufacturer with assets on orbit.
York Space Systems reports an 83% win rate for PWSA contracts.
York Space Systems can currently produce about 300 vehicles per year and has a long-term vision of annual output closer to four figures.
York Space Systems expects inventorying satellite platforms to help support Golden Dome requirements and field systems by 2028.
Government customers generated $270 million of York Space Systems’ revenue in the first nine months of 2025.
York Space Systems plans to use the new IPO capital to increase its production capacity and build a larger inventory of satellite platforms.