FLY Stock Recent News

Firefly Aerospace's stock took a big hit on Friday, dropping about 11% after a wild but exciting debut earlier in the week.

Several companies have been involved in initial public offerings (IPO) across 2025, leaving investors with a wide range of options to choose from.

Seven IPOs and two SPACs debuted this week, while five small IPOs and seven SPACs submitted initial filings. Two IPOs are currently scheduled for the week ahead as the annual August slowdown starts to set in. Street research is expected for six companies in the week ahead, and eight lock-up periods will be expiring.

Firefly Aerospace (FLY -15.98%), the Nasdaq exchange's newest space stock, went public at $45 on Thursday and quickly surged to close its first abridged day of trading up 34.1% at $60.35.

Firefly Aerospace's (FLY) stock is sputtering, just one day after its trading debut, when enthusiasm for the new listing sent shares soaring.

Firefly Aerospace's IPO saw shares surge nearly 50%, pushing its valuation close to $10 billion despite volatile financials and high losses. The company boasts a strong backlog and innovative space and defense offerings, but current revenues remain modest and highly unpredictable. Despite a substantial net cash position post-IPO, the risk-reward profile is unattractive given the massive valuation versus limited sales and ongoing losses.

Stock futures are edging higher in early trading after tech stocks lifted the Nasdaq to another record high; TSMC (TSM) reported strong July sales on demand for AI chips; Firefly Aerospace (FLY) shares are falling after the space company's stock soared in its trading debut yesterday; Intel (INTC) CEO Lip-Bu Tan said he had the board's support after President Donald Trump called for his resignation; Expedia (EXPE) shares are jumping after it reported higher bookings in the second quarter. Here's what investors need to know today.

Firefly Aerospace shares fell 9% in premarket trading on Friday, in what was perceived as a normal market swing, but the space tech firm's robust debut highlighted renewed investor appetite for high-growth listings.

Andrew Chanin, Procuream co-founder and CEO, joins 'Closing Bell Overtime' to talk Firefly Aerospace IPO, demand for space stocks, and more.

Shares of the spacecraft maker Firefly Aerospace (FLY 40.57%) blasted into orbit today following the company's initial public offering. Shares began trading this afternoon and immediately jumped to $70 per share after pricing at $45 in an initial public offering (IPO) that raised $868 million.