Firefly Aerospace Skyrockets with a 34% Rise in Remarkable Market Introduction

Space technology firm, Firefly Aerospace, celebrated a triumphant public debut on August 7, 2025. Shares soared by 34%, closing at $60.35 on their first day of Nasdaq trading under the ticker symbol “FLY”. The Texas-based rocket and lunar lander manufacturer priced its IPO at $45 per share. This was above the expected range of $41-$43, raising a substantial $868 million and achieving a market valuation of approximately $8.5 billion.

Firefly sets itself apart as the only commercial company to achieve a fully successful moon landing. It’s also the only firm capable of launching satellites to orbit with approximately 24-hour notice. The company’s Blue Ghost lunar lander successfully touched down on the moon earlier this year in a NASA-funded mission. Meanwhile, its Alpha rocket has secured a backlog of approximately $1.1 billion in contracts.

The IPO comes amid a resurgence of interest in space technology investments. Firefly is the third space company to go public this year, following Voyager Technologies and Karman Holdings. Major customers include defense contractors Lockheed Martin and L3Harris, with Northrop Grumman investing $50 million in the company. Revenue jumped sixfold to $55.9 million in the latest quarter, despite the company reporting a net loss of $60.1 million.

Source: CNBC

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