Firefly Aerospace, which provides space and defense technology with launch vehicles and spacecraft, announced terms for its IPO on Monday.
The Cedar Park, TX-based company plans to raise $599 million by offering 16.2 million shares at a price range of $35 to $39. At the midpoint of the proposed range, Firefly Aerospace would command a fully diluted market value of $5.8 billion.
Firefly Aerospace is a space and defense technology company that provides comprehensive mission solutions to national security, government, and commercial customers. The company's platform includes Launch and Spacecraft Solutions. Within Launch, Firefly has two offerings built on common technologies: Alpha, its operational launch vehicle that has completed four launches successfully; and Eclipse, a reusable and scaled up version of Alpha, which is in final development in partnership with Northrop Grumman and is expected to launch as early as 2026. Its Spacecraft Solutions include Blue Ghost Lander and Elytra, which are highly maneuverable spacecraft enabled by high performance rocket engine technology.
Firefly Aerospace was founded in 2017 and booked $108 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol FLY. Goldman Sachs, J.P. Morgan, Jefferies, Wells Fargo Securities, Morgan Stanley, Deutsche Bank, and Cantor Fitzgerald are the joint bookrunners on the deal. It is expected to price during the week of August 4, 2025.
