Firefly Shares Surge, Then 12 Million-Share Sale Surfaces
Firefly Aerospace shares surged 18.8% to $58.81 after winning a $75 million NASA JPL lunar drone contract, then fell 4.9% in after-hours trading as the company announced a public offering of 4 million new shares. Existing holders plan to sell 8 million shares. Space stocks rose broadly amid anticipation of a SpaceX IPO.