Rocket maker Firefly Aerospace files to go public under ticker FLY

Rocket maker Firefly Aerospace files to go public under ticker FLY


Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025.

Sergio Flores | Reuters

Rocket maker Firefly Aerospace filed for an initial public offering on Friday, with plans to trade under the ticker symbol “FLY” on the Nasdaq.

Firefly’s planned offering comes during a resurgence period for IPOs after the market collapsed in 2022 as rising interest rates and skyrocketing inflation deterred investors from betting on riskier assets.

Some companies, including Klarna and ticket reseller StubHub, delayed public offerings earlier this year as President Donald Trump’s tariff plans rattled global markets. But venture capitalists are becoming more optimistic after a strong June for deal activity that included a surge in crypto company Circle and a major Meta Platforms deal with Scale AI. Figma also filed its prospectus earlier this month.

Firefly, a Texas-based space transportation company, creates rockets, space tugs and lunar landers, and is widely lauded for its satellite launching Alpha rockets. Earlier this year, Firefly’s lunar lander, known as Blue Ghost, successfully landed on the moon.

The company said its revenue grew more than sixfold at the end of March to about $55.9 million, from $8.3 million a year ago. The company also reported a net loss of about $60.1 million, up from $52.8 million a year ago. Firefly said its backlog totaled about $1.1 billion.

Lead underwriters on the deal include Goldman Sachs, JPMorgan, Jefferies and Wells Fargo.

Don’t miss these insights from CNBC PRO

Firefly's ambitious plan to become the next SpaceX



Source

Crypto wobbles into August as Trump’s new tariffs trigger risk-off sentiment
Technology

Crypto wobbles into August as Trump’s new tariffs trigger risk-off sentiment

A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025.  Lam Yik | Bloomberg | Getty Images The crypto market slid Friday after President Donald Trump unveiled his modified “reciprocal” tariffs on dozens of countries. The price […]

Read More
Tesla must pay 9 million in damages after fatal Autopilot crash, jury says
Technology

Tesla must pay $329 million in damages after fatal Autopilot crash, jury says

Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor damages of $329 million. The […]

Read More
Palantir lands  billion Army software and data contract
Technology

Palantir lands $10 billion Army software and data contract

Alex Karp, CEO of Palantir, attending the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 9, 2025. David A. Grogan | CNBC Palantir has inked a contract with the U.S. Army worth up to $10 billion to meet growing warfare demands over the next decade. As part of the […]

Read More