Firefly Aerospace Stock Opens at $70 in Nasdaq Debut, Valuing Company at $10 Billion

Firefly Aerospace, a rocket and lunar lander maker, opened at $70 on Nasdaq, valuing the company at close to $10 billion. The stock priced shares at $45, above its expected range of $41 to $43, raising $868 million. The company's backlog totaled about $1.1 billion at the end of March, and revenue in the latest quarter jumped sixfold to $55.9 million. Firefly's customers include key defense contractors and the company recently received a $175 million contract from NASA.

Title: Firefly Aerospace's IPO Prices at $45, Valuing the Company at $6.3 Billion

Firefly Aerospace, a Texas-based rocket and lunar lander maker, priced its shares at $45, above its expected range of $41 to $43, in its initial public offering (IPO) on Wednesday. The company will debut on the Nasdaq under the ticker symbol "FLY" on Thursday. The IPO raised $868 million, valuing Firefly at about $6.3 billion [1].

The IPO comes after Firefly successfully landed its Blue Ghost lunar lander on the moon in March, marking the company's second successful lunar mission. The company's backlog totaled about $1.1 billion at the end of March, and revenue in the latest quarter jumped sixfold to $55.9 million [2].

Firefly's customers include key defense contractors such as Lockheed Martin and L3Harris. The company recently received a $175 million contract from NASA to deliver five payloads to the Moon's South Pole in 2029 [3].

The IPO was supported by strong investor demand, as evidenced by the price increase above the expected range. This demand reflects the growing interest in the space sector, driven by investments from billionaires like Elon Musk and Jeff Bezos in companies such as SpaceX and Blue Origin [4].

Firefly's IPO is the latest in a series of space-related public offerings this year. Other notable companies that have gone public include Voyager Technology and Karman Holdings. The broader IPO landscape has seen major public debuts this year from Figma, CoreWeave, and Circle, indicating a reopening of the market for public offerings after a prolonged drought [5].

References
[1] https://www.webpronews.com/firefly-aerospace-raises-ipo-price-to-38-42-targets-6b-valuation/
[2] https://www.investors.com/news/rocket-lab-earnings-q2-2025-rklb-stock-firefly-aerospace-ipo-fly-stock-kratos-defense-ktos/
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3TN03I:0-firefly-aerospace-to-price-us-ipo-as-it-sets-sights-on-a-positive-liftoff/
[4] https://www.cnbc.com/2025/08/06/firefly-aerospace-fly-stock-ipo.html