York Space Systems (NYSE:YSS) stock fell 4.2% in Friday’s pre-market session.
The company debuted on NYSE on Thursday, with shares jumping 11.7% to $38 from the $34 IPO price, valuing the Denver-based satellite manufacturer at approximately $4.75 billion. The stock later reversed gains, closing down 1.15% at $33.61.
York Eyes Role In Trump’s Golden Dome
Amid the upbeat NYSE debut company’s CEO, Dirk Wallinger, is already positioning York as a key player in President Donald Trump‘s ambitious Golden Dome missile defense project.
Wallinger told CNBC that Golden Dome is focused on enabling disparate systems that were not originally designed to communicate with one another to work together, which aligns with York’s existing capabilities. He also emphasized that York is not just a spacecraft manufacturer but a complete, holistic solution, which is …Full story available on Benzinga.com
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