NEW YORK, Jan 7, 2026, 12:14 (EST) — Regular session
- Firefly Aerospace shares were up about 8% in midday Nasdaq trade, after a volatile open
- New notices about a securities class-action and a Jan. 12 lead-plaintiff deadline circulated in the past 24 hours
- Next focus: the company’s next quarterly results, due Feb. 25
Firefly Aerospace Inc shares rose on Wednesday, swinging sharply after the open even as new law-firm notices about a securities class-action lawsuit spread across newswires.
The stock was up 8.5% at $28.69, after trading as low as $25.39 and as high as $29.00.
The move matters because Firefly has been trading like a headline stock since its 2025 listing, and the latest legal reminders land days before a Jan. 12 deadline for investors to seek lead-plaintiff status in the case — the shareholder who would represent the class and direct counsel if the suit proceeds. PR Newswire
Multiple firms published notices on Tuesday and early Wednesday about the lawsuit and the approaching deadline, a familiar pattern after sharp drawdowns in newly public stocks. GlobeNewswire
Traders, however, appeared more focused on price action than the filings themselves. The stock opened at $26.18 and quickly tested both sides of its range, suggesting short-term positioning rather than a clean shift in fundamentals.
Firefly has also been in the mix of 2026 lunar-mission planning chatter, with coverage in recent days highlighting its next Blue Ghost lunar effort and related orbital vehicle work, though that does not point to a discrete company update on Wednesday. Space
A key risk is that legal claims — even when they arrive via routine law-firm reminders — can keep a lid on valuation by raising uncertainty around prior disclosures and by distracting management, especially for a company still proving it can scale production and launch cadence.
