Firefly Aerospace (FLY) Rockets 20.5% on SpaceX IPO

Firefly Aerospace Inc. (NASDAQ:FLY) is one of the 10 Stocks Dominating Today’s Market Surge.

Firefly Aerospace snapped a three-day losing streak on Tuesday, soaring 20.53 percent to finish at $28.47 apiece, riding the optimistic sentiment ahead of SpaceX’s initial public offering (IPO).

A report by Reuters on Tuesday said that the Elon Musk-led company has lined up 21 banks for its mega IPO, potentially valuing the company at $1.75 trillion.

SpaceX is attempting to raise more than $75 billion in what could be one of the largest IPOs in history.

Firefly Aerospace (FLY) Rockets 20.5% on SpaceX IPO

Jirat Teparaksa/Shutterstock.com

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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