Overview
- FTSE Russell confirmed on Dec. 22 that Firefly Aerospace was added to the Russell 2000, which also placed it in the broad Russell 3000, with the changes taking effect immediately.
- Firefly was one of 18 companies selected in the December update to the small-cap benchmark, according to the company announcement and subsequent media reports.
- The stock surged on the news, trading up about 14% intraday to $28.19 and closing up 16.02% at $28.60 on Monday, based on Benzinga and Insider Monkey data.
- Market reporters cited broader enthusiasm for space stocks, pointing to plans for a SpaceX IPO next year and President Donald Trump’s recent executive order on space policy as supportive factors.
- Firefly describes itself as a space and defense technology company and has highlighted rapid-response launch and a successful Moon landing in its materials, while KeyBanc recently initiated a sector-weight rating as it builds a consistent launch record.