Professional
Added to YB: 2026-05-13
Pitch date: 2026-05-11
YSS [bearish]
York Space Systems, Inc.
+7.49%
current return
Author Info
Company Info
York Space Systems, Inc. operates as a space and defense prime providing a comprehensive suite of mission-critical solutions for national security, government and commercial customers in the United States.
Market Cap
$3.6B
Pitch Price
$34.56
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.1K
P/E
-31.58
EV/Sales
9.73
Sector
Aerospace and Defense
Category
turnaround
YSS: Lost In Space — The Pentagon Just Killed 96% of York’s Revenue
YSS (short): Pentagon zeroed FY26+ funding for SDA Tranche 3 Transport Layer (96% of FY25 rev), replacing it w/ SpaceX sole-source SDN. Former employees claim York won contracts via false modularity claims, shipped satellites w/ incomplete software, cut corners using unqualified staff. T1 launch 3mo behind, strategic pause til May/Jun 26. $543M backlog draining, est 30% FY26 rev miss. Opaque cost controls (2 people approve all spend), revenue recognition risk. Recent $355M All.Space deal signals desperation.
Read full article (17 min)