York Space Systems Goes Public in $629M IPO to Fund ‘Proliferation at Scale’

York Space Systems raised $629 million in an upsized initial public offering (IPO) on Thursday, which CEO Dirk Wallinger says will enable the company to manufacturer satellites “to meet large proliferation at scale, at an affordable price.”“We’re already proving that we can deliver to scale. Our country and our customers need that to be more scale,” Wallinger said Thursday in a media roundtable. York Space Systems, based in Colorado, primarily supplies satellites for defense missions. According to its S-1 report, York Space Systems reported $253.5 million in revenue in 2024 — of which 95% was government revenue. Last year, York Space Systems acquired ground systems as a service company Atlas Space Operations.