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Firefly Aerospace made a powerful entrance to the public markets on Thursday, surging more than 50% in its Nasdaq debut. Trading under the ticker symbol FLY, the stock opened at $70 per share, significantly above its IPO price of $45.
Shares of Firefly Aerospace (FLY), a space tech company that counts the government's Space Force among its major clients, soared in their debut on the Nasdaq Thursday.
Firefly Aerospace Inc.'s IPO is one of 2025's hottest, offering pure-play exposure to the booming space sector, despite its high valuation. The company boasts real achievements—Moon landing, government contracts, and a $1.1B backlog—making it a credible competitor to SpaceX and Rocket Lab. FLY stock valuation is steep (P/S up to 44x), but that's typical for the sector; future growth and execution are already priced in, so volatility is expected.
A commercial spaceflight company that specializes in small- to medium-lift launch vehicles is hoping to have a giant-sized first day of trading today.
Firefly Aerospace's stock opened at $70 per share in its first day of trading. Figma, CoreWeave and Circle have debuted this year and seen their stocks pop after an extended dry spell for tech IPOs.
CNBC's Morgan Brennan and Firefly Aerospace CEO Jason Kim join 'Squawk Box' to discuss the company's IPO debut, importance of lunar missions, pathway to profitability, and more.
CNBC's Joe Kernen reports on the latest news.
Firefly Aerospace will begin trading on the Nasdaq on Thursday after raising $868.3 million in the largest U.S. listing this year by a space tech company.
Firefly Aerospace priced shares at $45, above its expected range. The Texas-based rocket maker will debut on the Nasdaq Thursday under the ticker symbol "FLY.
CEDAR PARK, Texas, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Firefly Aerospace, a market leading space and defense technology company, today announced the pricing of its upsized initial public offering of 19,296,000 shares of its common stock at a public offering price of $45.00 per share. In addition, Firefly has granted the underwriters a 30-day option to purchase an additional 2,894,400 shares of its common stock at the initial public offering price, less underwriting discounts and commissions.