Firefly Aerospace (FLY) to Acquire Space-ng for Autonomous Navigation Capabilities

Firefly Aerospace Inc. (NASDAQ:FLY) is one of the 10 Best New Stocks to Buy Other Than SpaceX.

On June 26, 2026, Jefferies analyst Sheila Kahyaoglu said Firefly Aerospace Inc. (NASDAQ:FLY) will acquire Space-ng to integrate its AI vision-based autonomous navigation and optical guidance systems across the Blue Ghost lander and Elytra orbital vehicle programs. Kahyaoglu said the acquisition will strengthen GPS-independent navigation and in-house mission software capabilities. Jefferies has a Buy rating and $52 price target on Firefly Aerospace shares.

On June 15, KeyBanc upgraded Firefly Aerospace to Overweight from Sector Weight with a $50 price target. Following the SpaceX initial public offering-related selloff, KeyBanc said it sees “compelling opportunities” across the rapidly growing space sector. The firm said NASA activity is accelerating at a pace not seen since the Apollo era, and launch supply remains “structurally constrained amid exponential growth” in satellites and space-based applications. KeyBanc said it favors “well-capitalized” commercial space companies with exposure to national security and NASA priorities, and upgraded both Rocket Lab and Firefly Aerospace to Overweight.

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Firefly Aerospace Inc. (NASDAQ:FLY) operates as a space and defense technology company and provides mission solutions for national security, government, and commercial customers in the United States.

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