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 what national defense requires, signaling the company’s capability to handle the end-to-end integration work that the Golden Dome will demand.

York has already launched 21 low-Earth orbit satellites for the U.S. Space Development Agency in a September mission and has completed 74 missions since beginning operations in 2012.

Golden Dome’s original budget of $175 billion could surge to more than $831 billion, according to the Congressional Budget Office (CBO).

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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