Space IPOs Surge in 2025 with Firefly Aerospace, Voyager Technologies, and Northrop Grumman Backing

Space IPOs are rearing their heads again after a dearth of listings in recent years. Karman Holdings and Voyager Technologies have already gone public, and Firefly Aerospace debuted on Nasdaq. The broader IPO landscape has been in flux due to geopolitical volatility and protectionist trade policies. EY notes that a global IPO market rebound hinges on cooperative trade frameworks, accommodative monetary policy, controlled inflation, and geopolitical de-escalation.