FLY Stock Recent News

The private space race isn't just about who can launch rockets faster—it's about who can win Pentagon contracts. With growing geopolitical tensions and an arms race in space-based defense, Rocket Lab Corp RKLB and Firefly Aerospace Inc FLY are emerging as top contenders, each vying for a piece of a defense-driven future that could reshape the industry.

The renewed global interest in lunar exploration is driving a surge in investment and innovation among private aerospace firms. This heightened focus on space technology is setting the stage for companies like Firefly Aerospace FLY to capitalize on advancing spacecraft capabilities and growing demand for lunar missions.

Jefferies initiated coverage of FireFly Aerospace with a Buy rating and $60 price target. FireFly's four-product portfolio is curated to the national security and commercial priorities of small and medium launch, moon exploration, and space-based maneuvering and communications, notes the analyst, who projects a 113% sales compound annual sales rate to $1.25B in 2028. 07 Aug

Jefferies initiated coverage of FireFly Aerospace with a Buy rating and $60 price target. FireFly's four-product portfolio is curated to the national security and commercial priorities of small and medium launch, moon exploration, and space-based maneuvering and communications, notes the analyst, who projects a 113% sales compound annual sales rate to $1.25B in 2028. 07 Aug

Firefly Aerospace on Tuesday said it has received clearance from the Federal Aviation Administration to resume Alpha rocket launches, after a technical issue led to a failure in April.

Taking one giant leap in its development as a company, Firefly Aerospace (FLY 2.76%) completed its initial public offering (IPO) in early August, becoming the newest opportunity for investors to reach for the stars with a space stock.

Firefly Aerospace is exploring an option to launch its Alpha rocket from Japan as the U.S. rocket maker expands its satellite launch services globally, a Japanese company operating a spaceport in the country's northern Hokkaido said on Monday.

On Aug. 6, Firefly Aerospace (FLY -1.39%) had its initial public offering (IPO) at $45 per share. As of this writing, Firefly stock is already over $50 per share, as investors are eager to get their hands on shares of the first fully successful private company to land on the moon.

The IPO floodgates have swung open for breakthrough AI and crypto companies ready to shake up the market. Figma's debut joined CoreWeave and Circle in a rollercoaster ride of quick gains and sharp dips. A fresh name hits the trading floor this week as investors scout the next IPO winners.

Firefly Aerospace (FLY -16.87%) just pulled off its second-most impressive launch of the year.