FILE PHOTO: A view shows the New York Stock Exchange (NYSE) Wall Street entrance in New York City, U.S., April 7, 2025. REUTERS/Kylie Cooper/File Photo

By Arasu Kannagi Basil

(Reuters) -York Space Systems recorded a 59% revenue jump for the first nine months of 2025, the satellite company revealed in its U.S. initial public offering paperwork on Monday, as issuers line up to tap the December IPO window.

IPO activity in the U.S. is expected to pick up toward the end of the year as companies look to go public after the longest-ever government shutdown had curbed the Securities and Exchange Commission's ability to review paperwork.

"The broader IPO window is narrowing quickly. There are really just two good weeks left in the 2025 IPO calendar, the week of December 8 and December 15," said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs.

"I expect there will be IPO activity during that two-week period, but many deals have no doubt punted to 2026."

Denver, Colorado-based York Space reported a net loss of $56 million on revenue of $280.9 million for the nine months ended September 30, compared with net loss of $73.6 million on revenue of $176.9 million a year earlier.

The company would become the latest space firm to go public this year amid heightened focus on private players in the sector following renewed federal interest in space capabilities.

York Space was valued at more than $1 billion in a majority stake sale to aerospace-focused buyout firm AE Industrial Partners in 2022, Reuters reported.

AE Industrial-backed Firefly Aerospace went public earlier this year, in what was the largest U.S. listing of a space-tech firm this year.

York Space, founded in 2012 by Dirk Wallinger, provides low-cost satellite platforms to its clients, including the U.S. Department of Defense.

Goldman Sachs, Jefferies and Wells Fargo Securities are the lead bookrunning managers. York Space will list on the NYSE under the symbol "YSS".

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Krishna Chandra Eluri and Leroy Leo)