Investor Lawsuits Targeting Firefly Aerospace Expand With Latest Notice From Robbins Geller

Overview

• Robbins Geller announced the Firefly Aerospace class action notice, identifying the case as Diamond v. Firefly Aerospace Inc., No. 25-cv-01812, in the U.S. District Court for the Western District of Texas.
• The putative class covers buyers of shares in the August 7, 2025 IPO and purchasers of securities from August 7 through September 29, 2025.
• Complaints contend Firefly overstated demand and growth in its Spacecraft Solutions segment and overstated the operational readiness and commercial viability of its Alpha rocket program.
• Plaintiffs point to September disclosures, including a second-quarter loss of $80.3 million, revenue of $15.55 million versus $17.25 million expected, and a 49% year-over-year decline to $9.2 million in Spacecraft Solutions revenue, after which the stock fell more than 15%.
• A September 29 update that Alpha Flight 7’s first stage was lost was followed by a share drop of more than 20%, while multiple firms, including Rosen, Schall, Kessler Topaz, and Robbins Geller, continue to solicit investors as no class has been certified and the allegations remain unproven.