Firefly Aerospace stock slides nearly 9% as Alpha Block II upgrade puts Flight 7 launch in focus (FLY)
New York, January 13, 2026, 15:42 EST — Regular session Shares of Firefly Aerospace Inc dropped 8.9% to $27.73 in afternoon trading Tuesday, after starting the day at $31.47 and earlier hitting $31.54. This step is crucial as Firefly approaches a period where hardware tests and launch frequency could quickly shift investor sentiment. For emerging launch firms, the schedule acts both as a trigger and a gamble. Firefly plans to roll out a “Block II” version of its Alpha rocket, targeting improved reliability and streamlined production to meet commercial, civil, and national security needs. CEO Jason Kim described it as