Overview
- The filed complaint alleges Firefly overstated demand for Spacecraft Solutions and the operational readiness and commercial viability of its Alpha rocket program.
- The putative class covers investors who bought shares in the August 7, 2025 IPO or acquired securities between August 7 and September 29, 2025.
- Multiple plaintiff firms, including Bronstein, Levi & Korsinsky, Faruqi & Faruqi, and Kessler Topaz, have issued notices or are soliciting investors.
- Firefly shares fell sharply on December 26, with reports citing a sector pullback and fresh class‑action headlines weighing on the stock.
- Earlier disclosures tied to a $80.3 million Q2 loss and the Alpha Flight 7 first‑stage loss preceded late‑September drops, and the current allegations remain unproven with no class certified.