On July 11th, Firefly Aerospace announced that it has submitted an IPO application to the US Securities and Exchange Commission and plans to list on the NASDAQ Global Market under the stock code "FLY". The company has not yet announced the specific issuance scale and pricing range.
Firefly Aerospace was founded in 2017, headquartered in central Texas, focusing on the research and manufacturing of small and medium-sized launch vehicles, lunar landers, and orbital vehicles. The company, with its rapid response capability, can complete satellite launches within about 24 hours and successfully landed the Blue Ghost 1 lunar lander on the moon on March 2nd.
Firefly Aerospace's core products include the Alpha small launch vehicle, the Eclipse medium launch vehicle jointly developed with Northrop Grumman, as well as the Blue Ghost lunar lander and the Elytra orbital transport vehicle. Among them, "Blue Ghost" has obtained 2 NASA contracts and 1 commercial customer order.
In 2024, the company's launch business revenue was $22.6 million, spacecraft business revenue was $38.2 million, and total revenue reached $60.8 million. However, the net loss expanded from $135.5 million in 2023 to $231.1 million in 2024.
In the first quarter of 2025, the company's revenue significantly increased to $55.9 million, mainly due to milestone payments after the successful landing of "Blue Ghost 1" on the moon, but still recorded a net loss of $60.1 million for the quarter.
As of the latest data, Firefly Aerospace has a total debt of $173.6 million, including $136.1 million in loans. The funds raised from this IPO will mainly be used to repay debts and preferred stock dividends, with the remaining funds going towards daily operations. At present, the company's reserve order value has reached 1.1 billion US dollars.
