Firefly Aerospace CEO Jason Kim sits for an interview on the Firefly Aerospace undertaking operations middle in Leander, Texas, on July 9, 2025.
Sergio Flores | Reuters
Firefly Aerospace will value stocks at $35 to $39 each and every in its nearest preliminary people providing, a offer that might worth the rocket maker at about $5.5 billion.
The Texas-based area corporate stated in an up to date prospectus Monday that it’s making plans to promote about 16.2 million stocks. The providing may just lift as much as $631.8 million.
Previous this age, Firefly filed its plans to move people at the Nasdaq underneath the ticker image “FLY.”
Its debut comes amid a renewed push within the area race, as billionaire-led corporations equivalent to Elon Musk’s SpaceX funnel extra money into area actions and startups aim their success on the people markets.
Range tech company Voyager went people in June, life reusable rocket developer Cutting edge Rocket Applied sciences stated it plans to debut thru a $400 million particular objective acquisition corporate merger.
Firefly’s people marketplace initiation additionally coincides with a revival in IPO job as debilitating rates of interest and an overhang from President Donald Trump’s tariff plans start to sunny. Design tool corporate Figma is slated to move people this life then elevating its dimension.
Firefly makes rockets, area tugs and lunar landers, together with satellite tv for pc launching rockets referred to as Alpha. On the finish of March, the corporate reported a sixfold leap in income from $8.3 million a month in the past to $55.9 million.
The corporate additionally reported a internet lack of about $60.1 million, up from a lack of $52.8 million a month in the past, and stated its backlog totaled about $1.1 billion.
A few of Firefly’s primary backers come with AE Commercial Companions, which led an early making an investment spherical within the corporate. Protection contractor Northrop Grumman invested $50 million within the startup this Would possibly, and Firefly says it has collaborated with Lockheed Martin, L3Harris and NASA.
WATCH: Firefly’s determined plan to grow to be the then SpaceX
