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Rocket maker Firefly Aerospace opens at $70 in Nasdaq debut

CEDAR PARK, TEXAS, AUG 7 – Firefly Aerospace raised $868 million in its Nasdaq IPO after the Blue Ghost lunar lander became the second private company to land on the moon, securing $1.1 billion in contracts.

  • Following its IPO, Texas-based rocket manufacturer Firefly Aerospace began trading Thursday on Nasdaq, using the symbol FLY.
  • The IPO follows Firefly’s amended S-1 filing on July 28, detailing plans to sell 16.2 million shares priced between $41 and $43 to raise up to $696.6 million.
  • Firefly gained attention earlier this year by successfully landing its Blue Ghost lunar lander upright on the moon on March 2, 2025, and holds about $1.1 billion in backlog contracts.
  • CEO Jason Kim said "all the planets are aligned" for the IPO timing, while analyst Andrew Chanin noted investors’ appetite for IPOs and Firefly's diversified focus beyond the moon.
  • The capital raised is intended to expand production and fund upcoming missions, including three more lunar landings and the debut of the Elytra space tug for in-space services.
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The Motley Fool broke the news in Alexandria, United States on Wednesday, August 6, 2025.
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