York Space Systems cut its fiscal 2026 revenue guidance on September 9, 2026. The company now forecasts 2026 revenue between $170 million and $580 million. Management attributed the reduction to a new U.S. space procurement structure that delays revenue recognition into 2027.
Bank of New York Mellon Corp disclosed a 96.6% stake sale on September 10, 2026. The institution unloaded more than 1.6 million shares during the second quarter.
The company's stock price declined following these developments. Multiple law firms are promoting class-action lawsuits alleging misleading statements regarding the company's satellite platform and contract outlook.