TUPPER LAKE, NY — Fast-growing space system provider York Space Systems blamed a sudden change in US government contracting policy for space hardware and supply-chain hiccup for the company’s 32% decrease in projected 2026 revenue just three months after reaffirming it.
Denver-based York, whose January IPIO on the New York Stock Exchange generated $583.4 million in net proceeds, has seen its shares decline more than 60% since then. The IPO revenue is being used to expand York’s satellite production capacity, now at 1,000 . . .
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