Jason Kim, CEO of Firefly Aerospace, was interviewed on July 9, 2025 at the Firefly Aerospace Mission Operations Center in Leander, Texas.
Sergio Flores | Reuters
Firefly Aerospace will price stocks between $35 and $39 each in future initial public offerings. This is a deal that values Rocket Maker at approximately $5.5 billion.
The Texas-based space company said in its latest prospectus it plans to sell around 16.2 million shares on Monday. The service could raise up to $631.8 million.
Earlier this month, Firefly submitted plans to reveal the Nasdaq under the ticker symbol “Fly”.
Its debut came amid a new push in space races as billionaires-led companies such as Elon Musk’s SpaceX Funnel test their luck in the open market, with billionaires-led companies such as space activities and startups testing their luck.
Space technology company Voyager was released in June, but Reusable Rocket Developer’s innovative Rocket Technologies said it is set to debut through a merger of the $400 million special purpose acquisition company.
Firefly’s open market launch coincides with revival of IPO activities and debilitating interest rates and overhangs from President Donald Trump’s tariff plans beginning to become clear. Design software company Figma is expected to be released after increasing its range this week.
Firefly manufactures rockets, space tags and lunar landers, including satellite-fired rockets known as the Alpha. At the end of March, the company reported six times its revenues increased from $8.3 million the previous year to $55.9 million.
The company also reported a net loss of about $606.1 million, up from a loss of $52.8 million a year ago, with the backlog totaling around $1.1 billion.
Firefly’s major backers include AE Industry Partners, leading the company’s early investment rounds. Defense Contractors Northrop Grumman In May this year, they invested $50 million in startups, and Firefly says it worked together Lockheed Martin, l3harris and NASA.
Watch: Firefly’s ambitious plan to become the next SpaceX
