Firefly Aerospace (FLY) Rockets 16% Higher on Space Stocks Rally

Firefly Aerospace Inc. (NASDAQ:FLY) is one of the 10 Stocks Investors Are Buying Now.

Firefly Aerospace jumped by 16.01 percent on Wednesday to close at $27.53 apiece, tracking a broader optimism for the space industry, amid reports that Elon Musk-led SpaceX is officially going public.

According to a report by The Information, SpaceX is set to submit its final prospectus with regulators as soon as this week, citing sources privy to the matter.

Photo from Firefly Aerospace website

SpaceX is said to be attempting to raise more than $75 billion in what could be one of the largest IPOs in history, potentially valuing the company at $1.75 trillion.

Firefly Aerospace Inc. (NASDAQ:FLY) rallied alongside its counterparts, namely Rocket Lab, AST SpaceMobile, and York Space, following the report.

In other news, Firefly Aerospace Inc. (NASDAQ:FLY) earlier this month announced mixed earnings performance last year, having widened its net losses but markedly expanded its revenues.

According to the company, net loss attributable to shareholders last year increased by 25.6 percent to $333.96 million from $265.81 million in 2024. Revenues, on the other hand, soared by 163 percent to $159.8 million from $60.79 million.

In the fourth quarter alone, net loss attributable to shareholders narrowed by 60 percent to $41 million from $102.9 million, while revenues soared by 541 percent to $57.67 million from $9.03 million.

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