NEW YORK, December 29, 2025, 08:00 ET — Premarket
- Firefly Aerospace shares were little changed ahead of the open after a fresh securities-lawsuit notice
- Investors are weighing litigation headlines against a softer tone in U.S. equity futures in thin year-end trade
- Next milestones include a Jan. 12 lead-plaintiff deadline flagged in the notice and this week’s Fed minutes and jobless-claims data
Firefly Aerospace Inc shares edged down 0.1% to $23.34 in premarket trading on Monday.
The muted move keeps attention on the recently listed space-and-defense company as legal headlines circulate into the final, holiday-thinned week of the year, when smaller stocks can swing on limited volume.
U.S. stock index futures were lower early Monday after last week’s records, setting a cautious backdrop for higher-risk names. S&P 500 E-minis were down 0.22% and Nasdaq 100 futures fell 0.40% in premarket trading, Reuters reported.
The Schall Law Firm said in a PR Newswire release early Monday that it had filed a proposed securities class action against Firefly tied to the company’s August 7, 2025 initial public offering and a class period running through Sept. 29, 2025.
The notice said investors seeking to be appointed “lead plaintiff” — typically the investor chosen to steer the litigation on behalf of the broader group — must move by Jan. 12, 2026. PR Newswire
The complaint, as described in the release, alleges Firefly overstated demand and growth prospects for its “Spacecraft Solutions” business and the commercial viability of its Alpha rocket program. PR Newswire
Firefly did not immediately provide a public response in the notice.
The company priced its IPO at $45 per share in August, raising about $868 million, Reuters reported at the time.
Firefly builds launch vehicles and lunar and orbital spacecraft, and has marketed itself as a contractor to national-security, government and commercial customers.
Execution risk has been part of the story. Firefly’s Alpha program has suffered setbacks, and Reuters reported earlier this year that four of six Alpha flights had failed since 2021.
In October, Firefly completed its $855.6 million acquisition of SciTec Innovations, paying $300 million in cash and issuing 11.1 million shares valued at $50 each, a filing showed.
For traders, the near-term question is whether the lawsuit notices broaden into heavier selling pressure or fade in a week dominated by macro headlines and light staffing on trading desks.
On the calendar, investors are watching minutes from the Federal Reserve’s previous meeting and weekly jobless claims, which Reuters flagged as the key U.S. releases in an otherwise data-light week.
