Firefly Aerospace to List on NASDAQ, Valued at $5.6 Billion

Firefly Aerospace is set to debut on NASDAQ on August 7th, with a valuation of up to $5.6 billion. The company has a complete "space logistics chain" and has secured over $1.1 billion in orders from NASA, Lockheed Martin, and others. Firefly's self-developed Blue Ghost lunar lander achieved a commercial moon landing in March, solidifying its position as a commercially viable space company outside of SpaceX. BiyaPay provides users with real-time USDT trading of U.S. and Hong Kong stocks, as well as access to over 200 cryptocurrency exchanges with "zero fees".

Firefly Aerospace Inc. has announced an increase in the price range for its planned initial public offering (IPO), aiming to raise up to $696.6 million and pushing the company's valuation to $6.04 billion. The Cedar Park-based space and defense technology company is set to offer 16.2 million shares of common stock at a price range of $41 to $43 per share, up from a prior range of $35 to $39 [1].

This IPO filing, submitted to the U.S. Securities and Exchange Commission on Monday, represents a significant milestone for Firefly Aerospace. The company, which gained international attention in March when its Blue Ghost lunar lander successfully touched down on the moon, is best known for its low Earth orbit vehicles and uncrewed lander missions. It has secured contracts from NASA, the U.S. Space Force, Lockheed Martin Corp., Northrop Grumman Corp., and other government and commercial customers [1].

The IPO price increase and public listing push are attributed to increasing demand for commercialized space launches. The global space economy is projected to reach $1.8 trillion by 2035, driven by rising national security needs and increased commercialization [1].

Firefly's CEO, Jason Kim, has been instrumental in positioning the company as a leader in the commercial aerospace sector. The company has secured a $176.7 million contract with NASA to deliver payloads to the moon's south pole in 2029, further solidifying its role in the space logistics chain [1].

Firefly plans to trade on the Nasdaq under the ticker symbol FLY. The company's backlog, or estimated future revenue from contracts, nearly doubled in the first quarter of 2025 to $1.12 billion, driven by new deals for its Alpha rocket and engineering services [1].

Despite its recent growth, Firefly has reported losses in recent years. The company posted a net loss of $135.46 million in 2023 and $231.13 million in 2024. However, these losses are expected to decrease as the company scales its operations and secures more contracts [1].

References:
[1] https://www.statesman.com/business/technology/article/firefly-aerospace-raises-ipo-price-6-billion-value-20801458.php