Firefly Aerospace CEO Jason Kim sits for an interview on the Firefly Aerospace mission operations heart 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 underneath 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 yr 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 deal with Scale AI. Figma additionally filed its prospectus earlier this month.
Firefly, a Texas-based house transportation firm, creates rockets, house tugs and lunar landers, and is extensively lauded for its satellite tv for pc launching Alpha rockets. Earlier this yr, Firefly’s lunar lander, referred to as Blue Ghost, efficiently landed on the moon.
The corporate mentioned its income grew greater than sixfold on the finish of March to about $55.9 million, from $8.3 million a yr in the past. The corporate additionally reported a internet lack of about $60.1 million, up from $52.8 million a yr in the past. Firefly mentioned its backlog totaled about $1.1 billion.
Lead underwriters on the deal embody Goldman Sachs, JPMorgan, Jefferies and Wells Fargo.
