Firefly Aerospace stock opens at $70 in Nasdaq debut

Firefly Aviation He jumped more than 50 % Nasdaq After pricing the shares on the expected range, he left on Thursday.

Stocks began to be traded at $ 70 under a Ticket symbol flies, each. The initial price value the company up to 10 billion dollars. The stocks marked lower after the open.

Space technology has gained momentum, such as companies such as SpaceX from Elon Musk, such as companies such as financing and government contracts. Firefly is the third space company that opened to the public this year after Voyager Technology and Karman Holdings.

Rocket and Lunar Lander Maker collected price shares over $ 43 from $ 41 from $ 41 from $ 41 late on Wednesday. At the beginning of this week, Firefly increased from $ 39 to $ 39 at the beginning.

Firefly’s customers added an increasing list. Lock Defense Contractors Like Lockheed Martin and L3harris and the company is a recent 50 million dollars from Northrop GRUMMAN. Last month, firefly is also a 177 million dollar contract With NASA.

CEO Jason Kim told CNBC’s “Squawk Box”. “We focused on rating our Alpha Rockets because there is a lot of demand for the response of a special tone launch from the national security, commercial and hypersonic missile test.”

Earlier this year, Firefly’s Blue Ghost Lunar Lander successfully touched the moon in a task financed by NASA. Firefly is also widely known with Alpha Rocket and said that it was about $ 1.1 billion at the end of March to accumulate in its public offering.

Firefly in IPO file, income in the last quarter of 8.3 million dollars increased six times, he said. However, the company reported a net loss of $ 60.1 million from $ 52.8 million compared to the previous year.

The technical public offering market began to warm up this year after an expanded dry spell due to high inflation and increasing interest rates. Figure– Apartment And Sunflower seed They all left in 2025 and saw that stocks were pop.

Defense and Aviation Private Capital Company AE Industrial Partners, according to Prospectus, has more than 41% shares in Firefly and control the company. Five, which is nine members of Firefly, is currently working in the company. AE has an asset of $ 6.4 billion under management, website.

WRISTWATCH: Firefly Aviation CEO Jason Kim in IPO