Space and Defense Tech Company Firefly Aerospace Files for IPO (Jul. 11)
Firefly inteds to list its common stock on the NASDAQ under ticker symbol 'FLY.'
(Cedar Park, Texas) Space and defense technology company Firefly Aerospace announced late yesterday (Jul. 11) the filing of its registration statement with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO); Firefly intends to list its common stock on the Nasdaq Global Market under ticker symbol “FLY,” and the number of shares to be offered and price range of the proposed offering have not yet been determined.
Image of Firefly Aerospace’s intended ticker symbol on the NASDAQ courtesy of Firefly Aerospace.
The AE Industrials Partners– backed company disclosed a 10% rise in 2024 revenue in its U.S. IPO offering; its 2024 revenue of $60.8 million marked an increase vs. $55.2 million in 2023 revenues, per Reuters.
Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies, and Wells Fargo Securities are acting as lead bookrunning managers for the proposed offering, and Morgan Stanley, Deutsche Bank Securities, and Cantor are acting as joint bookrunners. Roth Capital Partners and Academy Securities will serve as co-managers, according to yesterday’s press release from Firefly.
Firefly Aerospace, which was established in 2017, enables government and commercial customers to launch, land and operate in space, and is the only commercial company to launch a satellite to orbit with approximately 24-hour notice to date, according to the company.
Per Firefly, the company is also the only company to achieve a fully successful landing on the Moon (via its Blue Ghost Lander in March of this year).
Firefly’s small- to medium-lift launch vehicles, lunar landers, and orbital vehicles are built with common flight-proven technologies to enable speed, reliability, and cost efficiencies for each mission from low Earth orbit to the Moon and beyond, according to the company.
