New York, Jan 27, 2026, 07:40 EST — Premarket
- Firefly Aerospace shares tumbled about 13% Monday and barely budged in early trading Tuesday
- Next week’s lock-up expiry could flood the market with additional shares, traders say
- Expect the next earnings report in late February
Firefly Aerospace Inc shares remained flat in early premarket trading Tuesday, after plunging sharply the day before. The spotlight now turns to next week’s lock-up expiration, seen as the next critical milestone for investors.
Shares of the space launch company closed at $25.20, down $3.93, a drop of about 13.5%.
That matters since a lock-up agreement stops insiders from offloading their shares for a fixed period post-IPO. When it ends, a sudden flood of shares can hit the market, often pushing the stock price down—even if nothing else has changed.
Firefly’s IPO prospectus revealed that roughly 121,947,950 shares will become available for sale after the lock-up period ends, which is set for 181 days post-prospectus date. The underwriters can also choose to waive these restrictions earlier. (SEC)
Firefly’s lock-up period expires on Feb. 3, 2026, per Nasdaq’s IPO calendar—a key date that short-term traders should note. (Nasdaq)
The stock has seen wild swings since Firefly’s 2025 IPO, which Reuters framed as a bet on a revived U.S. space race pulling fresh capital into riskier public ventures. (Reuters)
Sentiment still hinges on hitting key operational goals. Firefly revealed earlier this month that its upcoming Alpha launch, Flight 7, is planned for “in the coming weeks.” A larger “Block II” upgrade is scheduled for the flight after that. (Firefly Aerospace)
The setup cuts both ways. If insiders stay put or desks see little selling after Feb. 3, the lock-up might barely make a dent. But if shares hit the market in volume, it could spark a vicious sell-off loop.
The lock-up period ending shifts focus to the next earnings report, which Investing.com has slated for Feb. 25. (Investing)
