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
Firefly Aerospace will value shares at $35 to $39 every in its upcoming initial public offering, a deal that will worth the rocket maker at about $5.5 billion.
The Texas-based space firm stated in an up to date prospectus Monday that it is planning to promote about 16.2 million shares. The providing may elevate as much as $631.8 million.
Earlier this month, Firefly filed its plans to go public on the Nasdaq below the ticker image “FLY.”
Its debut comes amid a renewed push within the area race, as billionaire-led firms equivalent to Elon Musk‘s SpaceX funnel more cash into area actions and startups strive their luck on the public markets.
Area tech agency Voyager went public in June, whereas reusable rocket developer Modern Rocket Technologies stated it plans to debut by means of a $400 million particular objective acquisition firm merger.
Firefly’s public market launch additionally coincides with a revival in IPO exercise as debilitating rates of interest and an overhang from President Donald Trump‘s tariff plans start to clear. Design software program firm Figma is slated to go public this week after elevating its vary.
Firefly makes rockets, area tugs and lunar landers, together with satellite launching rockets often known as Alpha. On the finish of March, the corporate reported a sixfold soar in income from $8.3 million a yr in the past to $55.9 million.
The corporate additionally reported a internet lack of about $60.1 million, up from a lack of $52.8 million a yr in the past, and stated its backlog totaled about $1.1 billion.
A few of Firefly’s main backers embody AE Industrial Companions, which led an early investing spherical within the firm. Protection contractor Northrop Grumman invested $50 million within the startup this Might, and Firefly says it has collaborated with Lockheed Martin, L3Harris and NASA.
