Overview

• On Nasdaq debut under ticker FLY, shares opened at $70 and closed at $60.35, up 34% from the $45 IPO price.
• Firefly sold 19.3 million shares at $45 each in its upsized offering, raising $868.3 million and securing a $6.32 billion valuation.
• AE Industrial Partners’ stake will dilute to around 41.8% after the IPO, but voting agreements will preserve board control for aligned investors.
• The company’s portfolio spans small- to medium-lift launch vehicles, lunar landers and orbital spacecraft, contributing to a $1.1 billion backlog with over 30 launches contracted.
• Collaborations with NASA under the CLPS program and with Northrop Grumman on next-generation rockets have underpinned its resurgence.