Firefly Aerospace Gains Investor Interest with Successful Lunar Landing and Upcoming IPO

Investors Show Enthusiasm for Firefly Aerospace's Upcoming IPO Following Lunar Landing Success By James Rogers Firefly Aerospace is witnessing heightened investor interest as it prepares for its initial public offering (IPO), with a revised and higher price range reflecting strong demand. The company aims to offer 16.2 million shares at an estimated price between $41 and $43 per share, potentially raising up to $696.6 million—an increase from earlier estimates of $35 to $39 per share, which projected raising approximately $631.8 million. The updated valuation suggests a market capitalization of roughly $6.04 billion at the upper end of the price range. Leading underwriters include major financial institutions such as Goldman Sachs, J.P. Morgan, Jefferies, and Wells Fargo Securities. This surge in investor interest follows last week’s remarkable debut of design software firm Figma Inc., which saw its stock soar 250% on its first trading day, setting a record. Firefly's IPO marks the third space industry company to go public in 2025, following Karman Holdings and Voyager Technologies. Since their respective listings, Karman's shares have increased by 70.9%, while Voyager's have decl...