Firefly Aerospace Stock Rockets 15% As SpaceX IPO Buzz Puts FLY Back On Traders’ Radar
Firefly Aerospace shares jumped 15.5% to $49.50 Friday, closing above their August IPO price and capping a 22% weekly gain after SpaceX news revived interest in space stocks. Trading volume was heavy ahead of the long U.S. holiday weekend. SpaceX’s planned IPO, possibly valuing it at $1.75 trillion, drove sector momentum. Firefly also announced a Texas campus expansion and reported record Q1 revenue but posted a $96.7 million net loss.