Overview

• Firefly set its IPO at $35–$39 per share for 16.2 million shares, implying a valuation of about $5–5.5 billion.
• Proceeds will be used to repay outstanding borrowings, cover accrued preferred dividends and support general corporate purposes.
• Firefly has applied to list its common stock on Nasdaq under the ticker symbol FLY.
• The company posted first-quarter revenue of $55.9 million, up sixfold year-over-year, alongside a $60.1 million net loss and a $1.1 billion backlog.
• Its Blue Ghost lander became the first commercial craft to achieve a soft landing on the moon under NASA’s CLPS program, and it counts Northrop Grumman, Lockheed Martin and L3Harris among its partners.