Cedar Park, Texas, August 9, 2025
News Summary
Firefly Aerospace Inc. made a significant debut on Nasdaq under the ticker ‘FLY’, achieving a valuation of approximately $9.84 billion. The stock opened at $70, a 55% increase from its IPO price of $45, and reached a peak of $73.80 during trading. The IPO raised at least $868 million by selling over 19 million shares, reflecting strong investor interest. Firefly, known for its lunar lander projects, anticipates $60.79 million in revenue for 2024, amid challenges with net losses expected to reach $231.13 million.
Cedar Park, Texas — Firefly Aerospace Inc. successfully debuted on the Nasdaq under the ticker symbol “FLY,” achieving a valuation of approximately $9.84 billion on its first trading day. The company’s shares opened at $70, demonstrating a significant 55% increase from its initial public offering (IPO) price of $45.
During the intraday trading, Firefly’s stock peaked at $73.80 before ultimately closing at $60.35. The company sold over 19 million shares in its IPO, successfully raising at least $868 million. The total trading volume reached nearly 30 million shares on the first day, marking a strong interest from investors.
The IPO is considered a crucial indicator for the U.S. IPO market, reflecting growing investor enthusiasm in space-related enterprises. Firefly’s offering is expected to formally close shortly after this debut, involving finalized proceeds and settlements with underwriters.
Before the market opened, Firefly had priced 19.296 million shares at $45 each, exceeding the expected price range of $41 to $43. It is noted that underwriters have the option to acquire an additional 2.894 million shares, which could further bolster proceeds from the offering.
Prior to going public, Firefly was valued at $2 billion during its last private funding round, which garnered $175 million in November. CEO Jason Kim recognized the IPO as a historic milestone for the space technology sector, emphasizing the achievement’s significance.
Firefly Aerospace is best known for becoming the first private company to successfully conduct a soft landing on the moon. The company holds contracts with various government and commercial clients, including NASA, the U.S. Space Force, Lockheed Martin, and Northrop Grumman, solidifying its position in a competitive market.
Post-IPO, AE Industrial Partners is anticipated to control 41.8% of Firefly’s common stock and over 50% of its voting power through a director nomination agreement, influencing company decisions moving forward.
Looking ahead, Firefly projects approximately $60.79 million in estimated revenue for 2024, up from $55.24 million in 2023. However, financial challenges persist, with reported net losses of $135.46 million in 2023 and expected losses of $231.13 million for 2024. The first quarter of 2025 already recorded a widening loss of $60.09 million.
In more positive news, Firefly’s backlog, referring to its estimated future revenue from contracts, nearly doubled in the first quarter, surging to $1.12 billion.
The space technology industry continues to attract significant attention and investment, with notable players like SpaceX and Blue Origin paving the way for new developments. This year has also seen other companies like Voyager Space and Karman Holdings entering the public arena.
Firefly’s roadmap includes plans for additional launches, with missions for its Alpha rocket and more lunar lander projects scheduled through 2028.
FAQ
What is the current stock price of Firefly Aerospace?
As of its first day of trading, Firefly Aerospace’s stock closed at $60.35.
How much capital did Firefly raise during their IPO?
Firefly Aerospace raised at least $868 million by selling over 19 million shares in their IPO.
What are Firefly Aerospace’s future revenue projections?
Firefly expects approximately $60.79 million in revenue for 2024, marking an increase from $55.24 million in 2023.
Key Features
| Feature | Details |
|---|---|
| Company Name | Firefly Aerospace Inc. |
| IPO Price | $45 |
| Opening Stock Price | $70 |
| Peak Valuation | $9.84 billion |
| Shares Sold | Over 19 million |
| Total Capital Raised | At least $868 million |
| Revenue Projection for 2024 | $60.79 million |
| Backlog Revenue | $1.12 billion |
Deeper Dive: News & Info About This Topic
HERE Resources
Firefly Aerospace Announces Upcoming IPO on Nasdaq
Round Rock Breaks Ground on New Fire Station 10
Firefly Aerospace Files to Go Public Amid Lunar Mission Success
Additional Resources
- Firefly Space News
- Wikipedia: Firefly Aerospace
- Investopedia
- Google Search: Firefly Aerospace IPO
- KVUE
- Google Scholar: Firefly Aerospace IPO
- Fast Company
- Encyclopedia Britannica: Firefly Aerospace
- Express News
- Google News: Firefly Aerospace
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