Firefly Aerospace Stock Surges as Space Defense Bet Pulls FLY Back Into Focus
Firefly Aerospace shares rose 22.6% to $39.68 Friday, nearing their $45 IPO price after reporting Q1 revenue of $80.9 million, up 40% from the prior quarter, with a net loss of $96.7 million. The company’s defense software unit, SciTec, won a spot on the U.S. Space Force’s Space-Based Interceptor program alongside SpaceX and Raytheon.