Firefly Aerospace, a Texas-based space transportation company, is set to go public on the Nasdaq exchange under the ticker symbol “FLY”. The company’s initial public offering (IPO) comes during a resurgence period for IPOs, following a decline in market activity last year due to rising interest rates and inflation.
The IPO is seen as a positive development, with venture capitalists becoming more optimistic after a strong June for deal activity. This includes major deals such as Circle’s surge in crypto company values and Meta Platforms’ acquisition of Scale AI.
Firefly Aerospace is known for its successful satellite launching Alpha rockets and has recently made headlines for landing its lunar lander, Blue Ghost, on the moon earlier this year. The company reported a significant increase in revenue, growing more than sixfold to $55.9 million at the end of March, despite a net loss of about $60.1 million.
The lead underwriters on the deal include Goldman Sachs, JPMorgan, Jefferies, and Wells Fargo. Firefly’s backlog totaled approximately $1.1 billion, providing a solid foundation for the company’s future growth prospects.
Source: https://www.cnbc.com/2025/07/11