York Space Systems Goes Public with $4.75 Billion Valuation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2026
0mins
Should l Buy KRMN?
Source: CNBC
- IPO Performance: York Space Systems opened at $38 on the NYSE, an 11.7% increase from its $34 offering price, achieving a valuation of $4.75 billion, reflecting strong market confidence in its future potential.
- Defense Project Opportunity: Founder and CEO Dirk Wallinger emphasized the company's pivotal role in President Trump's 'Golden Dome' project, indicating its strategic importance in the defense technology sector.
- Satellite Launch Achievements: Since its founding in 2012, York has successfully completed 74 space missions and established partnerships with the U.S. Department of Defense and the U.S. Space Development Agency, showcasing its expertise in low-earth orbit satellite manufacturing.
- Optimistic Industry Outlook: With Trump's renewed focus on upgrading military technology and ongoing enthusiasm for space exploration, 2026 is expected to be a significant year for the space technology sector, positioning York Space Systems to benefit from this trend.
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Analyst Views on KRMN
Wall Street analysts forecast KRMN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for KRMN is 80.50 USD with a low forecast of 70.00 USD and a high forecast of 89.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 89.780
Low
70.00
Averages
80.50
High
89.00
Current: 89.780
Low
70.00
Averages
80.50
High
89.00
About KRMN
Karman Holdings Inc. conducts business as Karman Space and Defense, which specializes in the design, development and production of critical, next-generation system solutions for launch vehicle, satellite, spacecraft, missile defense, hypersonic and unmanned aircraft systems (UAS) customers. Its integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (DoD) and space sector initiatives. It has developed a proprietary portfolio of technically complex products and capabilities with specialization in complex nozzles and other engineered products for launch vehicle engine applications. Its payload protection system involves the full design and manufacturing of the top section of a booster, launch vehicle, payload, or missile system. Its propulsion systems involve the integrated offering of solid rocket motor subsystems, launch systems, and ablative composites.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Defense Project Opportunity: Founder and CEO Dirk Wallinger emphasized the company's pivotal role in President Trump's 'Golden Dome' project, indicating its strategic importance in the defense technology sector.
- Satellite Launch Achievements: Since its founding in 2012, York has successfully completed 74 space missions and established partnerships with the U.S. Department of Defense and the U.S. Space Development Agency, showcasing its expertise in low-earth orbit satellite manufacturing.
- Optimistic Industry Outlook: With Trump's renewed focus on upgrading military technology and ongoing enthusiasm for space exploration, 2026 is expected to be a significant year for the space technology sector, positioning York Space Systems to benefit from this trend.
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- Defense Project Contribution: CEO Dirk Wallinger stated that the company is positioned to be a key player in President Trump's 'Golden Dome' missile defense initiative, which aims to integrate disparate systems to enhance national defense capabilities while reducing costs.
- Technical Expertise: Since its founding in 2012, York Space Systems has completed 74 space missions and has established contracts with the U.S. Department of Defense and the U.S. Space Development Agency, showcasing its robust capabilities in low-earth orbit satellite manufacturing.
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- IPO Performance: York Space Systems opened at $38 on the NYSE, an 11.7% increase from its $34 offering price, achieving a valuation of $4.75 billion, reflecting strong market confidence in its future potential.
- Defense Project Opportunity: Founder and CEO Dirk Wallinger emphasized the company's pivotal role in President Trump's 'Golden Dome' project, indicating its strategic importance in the defense technology sector.
- Satellite Launch Achievements: Since its founding in 2012, York has successfully completed 74 space missions and established partnerships with the U.S. Department of Defense and the U.S. Space Development Agency, showcasing its expertise in low-earth orbit satellite manufacturing.
- Optimistic Industry Outlook: With Trump's renewed focus on upgrading military technology and ongoing enthusiasm for space exploration, 2026 is expected to be a significant year for the space technology sector, positioning York Space Systems to benefit from this trend.
See More
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- IPO Performance: York Space Systems opened at $38 on the NYSE, an 11.7% increase from its $34 IPO price, resulting in a market valuation of $4.75 billion, reflecting strong investor confidence in its growth potential.
- Defense Project Contribution: CEO Dirk Wallinger stated that the company is positioned to be a key player in President Trump's 'Golden Dome' missile defense initiative, which aims to integrate disparate systems to enhance national defense capabilities while reducing costs.
- Technical Expertise: Since its founding in 2012, York Space Systems has completed 74 space missions and has established contracts with the U.S. Department of Defense and the U.S. Space Development Agency, showcasing its robust capabilities in low-earth orbit satellite manufacturing.
- Market Outlook: With renewed interest in military technology and the ongoing growth of the space sector, 2026 is expected to present significant opportunities for expansion, positioning York Space Systems to capture a larger market share in this evolving landscape.
See More
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- Strategic Partnership: VisionWave Holdings has entered into a $7 million strategic exchange agreement with SaverOne, aiming to acquire approximately 51% of the company, which will integrate VisionWave's RF sensing and AI analytics into SaverOne's VRU platform, enhancing concealed threat detection capabilities with a commercial solution expected to be demonstrated in 2026.
- Technology Acquisition: VisionWave acquired the qSpeed computational acceleration engine, valued at $99.6 million, designed to reduce decision latency between threat detection and response execution from minutes to seconds, thereby enhancing the responsiveness of its WaveStrike fire control systems and Argus counter-drone technology.
- Market Expansion Plans: VisionWave is expanding into Southern Europe through its Solar Drone Ltd. subsidiary, having secured follow-on hardware orders and distribution agreements in Italy and Spain, with plans to invest up to $10 million over the next 6 to 12 months to accelerate commercialization timelines.
- Defense Market Growth: The electronic warfare market is projected to reach $20.01 billion in 2026, driving demand for AI signal processing and autonomous threat detection platforms, with VisionWave's technologies supporting defense and security applications, enhancing competitiveness in complex environments.
See More
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- Technology Acquisition: VisionWave's acquisition of the $99.6 million qSpeed computational acceleration engine aims to reduce decision latency between threat detection and response from minutes to seconds, significantly enhancing the responsiveness of its WaveStrike fire control systems and Argus counter-drone technology.
- Market Expansion: Through its subsidiary Solar Drone Ltd., VisionWave has secured follow-on hardware orders and distribution agreements in Italy and Spain for critical infrastructure maintenance, planning to invest up to $10 million over the next 6 to 12 months to accelerate commercialization timelines.
- Defense Market Growth: The U.S. National Defense Strategy emphasizes strengthening the domestic defense industrial base, with the electronic warfare market projected to reach $20.01 billion in 2026, indicating strong demand for AI signal processing and autonomous threat detection platforms, driving VisionWave's strategic positioning in the defense sector.
See More
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- Market Potential Analysis: The long-term goals of the Artemis program include returning to the moon and exploring Mars, which is expected to boost stock performance for smaller companies like Karman Holdings, MDA Space, and Graham Corp., all of which play critical roles in the initiative.
- Karman Holdings Acquisition: Karman Holdings recently acquired Seemann Composites LLC for $220 million, expanding its operations into the maritime defense market while providing machining and welding services for key Artemis components, showcasing its growth potential in the aerospace sector.
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