Overview
- Firefly Aerospace shares rose about 16% to roughly $27.5 after reports said SpaceX could file an IPO prospectus soon.
- The Information, relayed by Reuters and trade outlets, reported advisers expect a possible $1.75 trillion valuation with more than 20% of shares earmarked for individual investors, though the deal terms remain in flux.
- Other space stocks moved higher as well, with Rocket Lab, AST SpaceMobile, and York Space rallying alongside Firefly on the IPO chatter.
- Firefly’s latest results showed mixed fundamentals, with full‑year net loss widening to about $334 million even as revenue jumped 163% to $159.8 million and the fourth‑quarter loss narrowed to about $41 million.
- Analysts carry a Buy tilt with an average price target near $29.20, technical gauges show improving momentum, yet the stock remains down about 55% over the past year.