Overview

• Firefly Aerospace launched its IPO road show on July 28, targeting 16.2 million shares priced between $35 and $39 to raise as much as $631.8 million.
• The company filed to list its common stock on the Nasdaq under the ticker symbol FLY and has not announced a listing date.
• Net proceeds from the offering will be used to repay outstanding borrowings under its credit agreement and to pay any accrued and unpaid preferred-stock dividends.
• Additional funds will accelerate development of the Alpha rocket family and support follow-on lunar missions after the success of its Blue Ghost lander.
• A sixfold jump in revenue to $55.9 million in Q1 2025 and a $1.1 billion backlog from NASA’s CLPS program and defense partnerships underpin the company’s commercial momentum.