Investor Lawsuits Over Firefly Aerospace’s IPO and Rocket Setbacks Expand Ahead of Lead‑Plaintiff Deadline

Overview

• Rosen Law Firm announced a continuing investigation and The Schall Law Firm said it filed a complaint, joining earlier actions and solicitations from Gross, Portnoy, Kessler Topaz, and Kirby McInerney.
• Complaints allege Firefly overstated demand and growth for its Spacecraft Solutions business and exaggerated the operational readiness and commercial viability of the Alpha rocket program.
• The proposed class covers buyers of shares traceable to the August 7, 2025 IPO and purchasers of Firefly securities from August 7 through September 29, 2025; the IPO sold 19.296 million shares at $45.
• Firefly’s first public earnings on September 22, 2025 reported a $80.3 million quarterly loss and $15.55 million in revenue, after which the stock fell about 15% the next trading day.
• On September 29, 2025 the company disclosed a loss of the Alpha Flight 7 first stage, and shares dropped roughly 20% the next day; the lawsuits’ allegations remain unproven and no class has been certified.