Firefly Aerospace CEO Jason Kim sits for an interview on the Firefly Aerospace mission operations middle in Leander, Texas, on July 9, 2025.
Sergio Flores | Reuters
Rocket maker Firefly Aerospace filed for an preliminary public providing on Friday, with plans to commerce beneath the ticker image “FLY” on the Nasdaq.
Firefly’s deliberate providing comes throughout a resurgence interval for IPOs after the market collapsed in 2022 as rising rates of interest and skyrocketing inflation deterred traders from betting on riskier belongings.
Some firms, together with Klarna and ticket reseller StubHub, delayed public choices earlier this 12 months as President Donald Trump’s tariff plans rattled international markets. However enterprise capitalists have gotten extra optimistic after a powerful June for deal exercise that included a surge in crypto firm Circle and a significant Meta Platforms take care of Scale AI. Figma additionally filed its prospectus earlier this month.
Firefly, a Texas-based area transportation firm, creates rockets, area tugs and lunar landers, and is broadly lauded for its satellite tv for pc launching Alpha rockets. Earlier this 12 months, Firefly’s lunar lander, generally known as Blue Ghost, efficiently landed on the moon.
The corporate stated its income grew greater than sixfold on the finish of March to about $55.9 million, from $8.3 million a 12 months in the past. The corporate additionally reported a web lack of about $60.1 million, up from $52.8 million a 12 months in the past. Firefly stated its backlog totaled about $1.1 billion.
Lead underwriters on the deal embrace Goldman Sachs, JPMorgan, Jefferies and Wells Fargo.
