Overview
- Firefly sold 19.3 million shares at $45 each, raising $868.3 million in the largest U.S. space-tech IPO of 2025
- Trading under the ticker FLY, the stock opened at $70, a more than 50% premium over its offering price
- The Cedar Park, Texas firm entered its first day of trading with a $1.1 billion contract backlog encompassing over 30 planned missions
- Despite a sixfold jump in first-quarter revenue to $55.9 million, Firefly reported net losses of $231.1 million in 2024 and $60.1 million in Q1 2025
- Backed by AE Industrial Partners and Northrop Grumman and bolstered by NASA’s CLPS program, Firefly is advancing its Eclipse medium-lift rocket and lunar payload services