Firefly Aerospace prices shares at 45 dolar
Volunteers experience life on Mars in the Utah desert
The Blue Ghost Challenge Operations Engineer, Jaxon Liebeck, showcases the Blue Ghost moon lander at Firefly Aerospace headquarters on Tuesday, Dec. 3, 2024 in Cedar Park.
Houston Chronicle/hearst Newspapers | Hearst Newspapers | Getty Photos
Firefly Aerospace priced shares in its IPO at $45 on Wednesday, above its expected range.
The Texas-based rocket maker will debut on the Nasdaq Thursday beneath the ticker symbol “FLY.” The offering raised $868 million and values the company at about $6.3 billion.
Firefly filed its initial prospectus in July and upped its IPO range this week to $41 to $43 a percentage, from an initial range of $35 to $39.
The distance generation sector has spotted rising investor hobby over the last few years as billionaire consumers harking back to Elon Musk and Jeff Bezos put their money in the back of SpaceX and Blue Starting, respectively.
In the past this year, house generation firms Voyager Technology and Karman Holdings have lengthy long gone public.
The broader IPO landscape has moreover spotted number one public debuts this year from Figma, CoreWeave and Circle as the market for public alternatives reopens following a prolonged drought.
