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.

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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