YSS Stock Takes Off On $355M ALL.SPACE Takeover

• The deal is expected to close in the third quarter of 2026. 
• YSS Q1 revenue beat expectations, while missing earnings forecasts. 
• Backlog as of the end of Q1 stood at $642 million.

York Space Systems (YSS) share price gained about 6% on Monday after the firm entered into a definitive agreement to acquire ALL.SPACE, an advanced satellite communications provider backed by private credit firm Rochefort Asset Management. 

The transaction marks the second strategic acquisition for York since becoming a publicly traded company. Following completion of the deal, ALL.SPACE will operate as a wholly owned subsidiary of York. 

ALL.SPACE specializes in multi-network connectivity and software-defined terminal systems. Its Hydra Terminal range allows defense and government platforms to maintain simultaneous links across multiple satellite orbits—including low earth (LEO), medium earth (MEO), geostationary (GEO), and highly elliptical (HEO) orbit networks.

According to a separate filing filed in April, YSS announced that the aggregate price for the deal is around $355 million with $155 million in cash.  

Financing Support 

Rochefort Asset Management, which operates under licenses from the U.S. Department of War’s Office of Strategic Capital and the Small Business Administration, provided senior secured debt to ALL.SPACE to accelerate its manufacturing and meet urgent military requirements, the company announced Monday.

"The York and ALL.SPACE transaction demonstrates how strategic capital can work in concert with industry to advance the defense industrial base," said Alex Lemond, co-founder of Rochefort.

The deal is expected to close in the third quarter of 2026, subject to regulatory approvals. Financial terms of the acquisition were not disclosed.

YSS Financial Update

For the three months ended March 31, 2026, York reported a 9% year-over-year revenue increase to $116.34 million, beating analyst estimates. 

However, the company posted a net loss of $11.73 million, or $0.68 per share, which missed consensus expectations, while its total backlog grew to $642 million, boosted by new commercial contract wins.

YSS Analyst View 

Citi analyst John Godyn on Monday lowered the firm's price target on York Space Systems to $31 from $33 and kept a ‘Buy’ rating on the shares. 

The firm updated models in the aerospace and defense sector, saying it does not expect an "immediate V-shaped rally" without a resolution to the Middle East conflict. However, Citi sees buying opportunities following the recent selloffs, expecting the aerospace group to rally first, followed by defense. 

Raymond James on Friday last week lowered its price target on York Space Systems to $45 from $55 and kept an ‘Outperform’ rating on the shares. 

The most recent quarter surpassed the firm's revenue expectations, while earnings before interest, taxes, depreciation, and amortization (EBITDA) came in slightly below the firm's estimate, and the backlog included the previously disclosed capstone commercial award, the analyst tells investors in a research note. The firm added that while it continues to see a credible path to the company's targets, it expects investor skepticism to persist until a meaningful tranche of orders is formally booked over the coming months. 

YSS Retail View 

Retail sentiment on Stocktwits was ‘extremely bullish’ with ‘high’ message volumes. 

The stock has lost 33% year-to-date.

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