Firefly Aerospace Sets IPO Price Range, Targets $5.5B Valuation

Firefly Aerospace plans to price shares between $35 and $39 for its upcoming IPO, according to CNBC. The pricing would value the Texas-based rocket maker at roughly $5.5 billion. The company expects to raise up to $631.8 million by offering 16.2 million shares on the Nasdaq. Firefly’s IPO follows a wave of renewed interest in space investments and the public debut of similar firms, such as Voyager and Innovative Rocket Technologies. The company manufactures rockets, lunar landers, and orbital vehicles. It reported a revenue surge from $8.3 million to $55.9 million in the year ending March. Its net loss widened to $60.1 million, while its contract backlog hit $1.1 billion. The IPO arrives as investor appetite for new listings rebounds and market headwinds from high interest rates and tariffs begin to ease.