Firefly Aerospace Inc. (FLY) Is “So Hot,” Says Jim Cramer

We recently published 10 Stocks On Jim Cramer’s Radar Including Big Tech Firms. Firefly Aerospace Inc. (NASDAQ:FLY) is one of the stocks Jim Cramer recently discussed.

Firefly Aerospace Inc. (NASDAQ:FLY) is the latest entrant on the stock market. Its shares have lost 28% since their IPO earlier this month. Firefly Aerospace Inc. (NASDAQ:FLY) is among the handful of new-age American space exploration companies that are seeking to expand the role of the private sector in an industry typically dominated by large government contractors. It operates a small-lift launch vehicle and a lunar lander. Cramer was quite optimistic about Firefly Aerospace Inc. (NASDAQ:FLY)’s debut on the stock market:

“Well we need these. We don’t have anything connected with rocketry goes higher, so could this double? Yeah, easy. I do think that, I’m not being facetious. . .this is a very exciting. . .Figma couldn’t put a man on Pennsylvania. This thing is David is so hot, you need to have hundreds of millions of shares offered in order to keep this thing down.”

While we acknowledge the risk and potential of FLY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.