Firefly Aerospace (FLY) Takes Off 10.6% Ahead of SpaceX IPO

Firefly Aerospace Inc. (NASDAQ:FLY) is one of the 10 Stocks With Easy 8-20% Gains.

Firefly Aerospace took off by 10.65 percent on Friday to finish at $32.93 apiece, amid increasing interest in space stocks, buoyed by SpaceX’s looming initial public offering (IPO).

Firefly Aerospace Inc. (NASDAQ:FLY) climbed alongside its counterparts, driven primarily by the growing vote of confidence, as Elon Musk’s SpaceX gears up for one of the largest IPOs in history with a target to raise $75 billion in fresh funds. The public offer could potentially value the company as much as $1.75 trillion.

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

Firefly Aerospace (FLY) Takes Off 10.6% Ahead of SpaceX IPO

Photo from Firefly Aerospace website

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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