Overview

• Firefly sold 16.2 million shares at $45 apiece, raising $868 million in its Nasdaq initial public offering.
• The offering values the aerospace startup at about $6.3 billion, topping its earlier $41–$43 price range.
• Shares will begin trading on Nasdaq tomorrow under the ticker symbol “FLY.”
• AE Industrial Partners’ stake will decrease to 41.8 percent but allied voting agreements ensure it retains majority board control.
• Bolstered by its Blue Ghost moon landing, Firefly holds a $1.1 billion backlog that includes a $176.7 million NASA South Pole payload contract and over 30 planned launches.