York Space Systems Closes Acquisition of Solestial, U.S.-Sourced Space Solar Capability
Summary
York Space Systems closed its acquisition of Solestial for about $67 million in cash and stock. The deal gives York a U.S.-sourced space solar capability and adds Solestial’s flight-proven solar technology to its portfolio. York says the acquisition strengthens its supply chain, reduces dependence on foreign-controlled inputs, and helps it meet customer program timelines. Solestial will continue operating as a wholly owned subsidiary and will keep selling solar technology to external customers while integrating more closely with York’s spacecraft portfolio.
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected