Rocket maker Firefly Aerospace files to go public under ticker FLY

Rocket shaper Firefly Aerospace filed for an archetypal nationalist offering connected Friday, with plans to commercialized nether the ticker awesome "FLY" connected the Nasdaq.

Firefly's planned offering comes during a resurgence period for IPOs aft the marketplace collapsed successful 2022 arsenic rising involvement rates and skyrocketing ostentation deterred investors from betting connected riskier assets.

Some companies, including Klarna and summons reseller StubHub, delayed nationalist offerings earlier this twelvemonth arsenic President Donald Trump's tariff plans rattled planetary markets. But task capitalists are becoming much optimistic aft a beardown June for woody enactment that included a surge successful crypto institution Circle and a large Meta Platforms woody with Scale AI. Figma besides filed its prospectus earlier this month.

Firefly, a Texas-based abstraction proscription company, creates rockets, abstraction tugs and lunar landers, and is wide lauded for its outer launching Alpha rockets. Earlier this year, Firefly's lunar lander, known arsenic Blue Ghost, successfully landed connected the moon.

The institution said its gross grew much than sixfold astatine the extremity of March to astir $55.9 million, from $8.3 cardinal a twelvemonth ago. The institution besides reported a nett nonaccomplishment of astir $60.1 million, up from $52.8 cardinal a twelvemonth ago. Firefly said its backlog totaled astir $1.1 billion.

Lead underwriters connected the woody see Goldman Sachs, JPMorgan, Jefferies and Wells Fargo.