York Space gains after J.P.Morgan flags demand spike, cost advantage

York Space Systems

23/02/2026 13:20

** Shares of satellite manufacturer York Space YSS.N rise 6.06% to $27.48

** J.P.Morgan initiates coverage of YSS with "overweight" rating; sets PT of $39

** Cites YSS is poised for spike in demand and is leading supplier of transport layer satellites with meaningful cost advantage vs competitors

** Heightened geopolitical tensions have driven countries to invest more heavily in military space capabilities, including with satellites to make these capabilities more resilient, brokerage says

** YSS down 31.8% since its debut on January 29

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))