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Firefly Aerospace Ups IPO Price Range to $41-$43
ByAinvest
Tuesday, Aug 5, 2025 5:37 am ET1min read
Firefly Aerospace has increased the proposed price range for its initial public offering to $41 to $43, up from the earlier range of $35 to $39. The space startup plans to offer shares in the IPO.
Firefly Aerospace, a Texas-based space and defense technology startup, has increased the proposed price range for its initial public offering (IPO) to $41 to $43 per share, up from the earlier range of $35 to $39. The company aims to raise $696.6 million by selling 16.2 million shares [2].The revised IPO, which will be priced on August 6 and expected to begin trading on the Nasdaq under the ticker symbol "FLY," follows a series of strategic partnerships and funding rounds. Firefly's partnership with SpaceX and its recent acquisition of a rover from Blue Origin's subsidiary for an upcoming NASA mission have been cited as key competitive strengths [2].
The company's latest S-1 filing indicates that it had $176.9 million in cash and cash equivalents at the end of March, with debt standing at $173.6 million, of which $136.1 million was via a term loan [2]. Firefly's Series D funding round in November valued the company at over $2 billion [4].
The increase in the funds expected to be raised through the IPO is due to the price range being bumped up from $35 to $39 per share. The lead underwriters of the Firefly IPO are Goldman Sachs, JPMorgan Chase, and Wells Fargo Securities [2].
Firefly's expansion into the IPO market comes amid a strong market debut for tech-focused companies like Figma and Circle, as well as resilient consumer spending and lower-than-expected tariffs pushing equity markets to record highs [3]. The company's valuation at the top end of its revised range would represent a significant jump from its Series D funding round [3].
References:
[1] https://seekingalpha.com/news/4477638-firefly-aerospace-increases-price-range-for-proposed-ipo
[2] https://stocktwits.com/news-articles/markets/equity/firefly-aerospace-fly-ipo-6-b-valuation/chrXAIGRdTC
[3] https://finance.yahoo.com/news/space-startup-firefly-aims-raise-165452368.html
[4] https://www.bloomberg.com/news/articles/2025-08-04/space-technology-firm-firefly-raises-ipo-target-to-697-million
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