Key Takeaways
- Firefly Aerospace has filed with the SEC to raise up to $100 million through an IPO.
- The company, founded in 2017, reported $108 million in revenue for the year ending March 31, 2025.
- Firefly’s launch vehicles and spacecraft include the operational Alpha rocket and the developing Eclipse, with plans to list on the Nasdaq under FLY.
Company Overview
Firefly Aerospace, based in Cedar Park, TX, focuses on space and defense technology, offering launch vehicles and mission solutions for national security, government, and commercial clients. The company aims to raise up to $100 million with its initial public offering (IPO), filed with the SEC on Friday. This strategic move comes as the company seeks to further innovate and expand its operations in the aerospace sector.
Founded in 2017, Firefly has developed a portfolio that includes both Launch and Spacecraft Solutions. Its primary offerings in the launch segment feature Alpha, an operational launch vehicle that has successfully completed four missions, and Eclipse, a reusable, scaled-up version of Alpha. The Eclipse is currently in the final stages of development in collaboration with Northrop Grumman, with anticipated launches as early as 2026.
Firefly’s spacecraft offerings include the Blue Ghost Lander and Elytra. Both are designed to be highly maneuverable, utilizing advanced rocket engine technology to enhance performance and versatility in various missions.
For the fiscal year ending March 31, 2025, Firefly Aerospace reported total revenue of $108 million. The company has been laying down the groundwork for its public debut by filing confidentially on April 16, 2025.
The upcoming IPO will be overseen by a consortium of well-known financial institutions, including Goldman Sachs, J.P. Morgan, Jefferies, Wells Fargo Securities, Morgan Stanley, Deutsche Bank, and Cantor Fitzgerald, which will serve as joint bookrunners for the offering. Specific pricing details for the IPO remain undisclosed at this time, but the company plans to list on the Nasdaq under the ticker symbol FLY.
As the aerospace industry continues to evolve, Firefly Aerospace’s innovative approach positions it to be a significant player in launching advanced space initiatives, supporting both government and commercial endeavors in this rapidly growing field.
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