On Thursday, York Space Systems rang the opening bell at the New York Stock Exchange and delivered a message that SpaceTech founders have been trying to send for years: the public markets are open again — but only for a very specific kind of space company.
York raised $629m by selling 18.5m shares at $34, implying a valuation of about $4.75bn. The stock opened strongly and then quickly reminded everyone why “space” and “public markets” have had a complicated relationship in this decade.
Still, the float matters. Not because York is the next consumer-tech story in orbit.
