(Reuters) -York Space Systems recorded a 59% jump in revenue in the first nine months of 2025, the private equity-backed satellite company revealed in its U.S. initial public offering paperwork on Monday,
as corporate issuers line up to tap the December IPO window.
IPO activity in the United States is expected to pick up into the end of the year as companies look to seize on a narrow window to go public after the end of the longest government shutdown in U.S. history, which had curbed the Securities and Exchange Commission's ability to review paperwork.
The Denver, Colorado-based company reported a net loss of $56 million on revenue of $280.9 million in the nine months ended September 30, compared with net loss of $73.6 million on revenue of $176.9 million a year earlier.
York joins a growing cohort of space-related companies that have sought to tap public markets this year amid the growing role of space in global defense.
The company was valued at over $1 billion in a majority stake sale to aerospace-focused private equity firm AE Industrial Partners in 2022, Reuters had reported.
Firefly Aerospace, another AE Industrial-backed company, went public earlier this year, in what was the largest U.S. listing this year by a space tech firm.
York Space, founded in 2012 by Dirk Wallinger, provides low-cost satellite platforms to its clients such as the U.S. Department of Defense.
Goldman Sachs, Jefferies and Wells Fargo Securities are the lead underwriters for the offering. York Space will list on the New York Stock Exchange under the symbol "YSS".
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Krishna Chandra Eluri)
