Firefly Aerospace debuted on the stock exchange with a valuation of $8.5 billion. The value of the space company increased by a third

According to CNBC, FLY shares were trading at $60.35, valuing the company at about $8.5 billion.

Firefly Aerospace, which makes rockets and lunar landers, set a share price of $45, above the expected range of $41-43, and raised $868 million. Earlier this week, Firefly raised its price range from $35 to $39.

Firefly’s customers include a growing number of key defense contractors such as Lockheed Martin and L3Harris, and the company recently received a $50 million investment from Northrop Grumman. Last month, Firefly also won a $177 million contract from NASA.

Firefly Aerospace is the third space company to go public this year, following Voyager Technologies and Karman Holdings. Space tech startups are gaining momentum as companies like SpaceX receive more funding and government contracts.

Recall that Ukrainian entrepreneur Maksym Polyakov announced in 2022 that he was selling his majority stake in the rocket company Firefly Aerospace for $1 due to pressure from US regulators. Ukraine had facilities that prepared parts and developments for Firefly.

In March 2025, Firefly Aerospace successfully landed the Blue Ghost module on the Moon, becoming the first private space company to achieve this.

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Firefly Aerospace has revealed the Blue Ghost spacecraft landing on the moon, becoming the first private company to successfully land on Earth’s moon.

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Firefly Aerospace has revealed the Blue Ghost spacecraft landing on the moon, becoming the first private company to successfully land on Earth’s moon.

Space company Firefly Aerospace raises $175 million in funding and raises valuation to $2 billion

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Space company Firefly Aerospace raises $175 million in funding and raises valuation to $2 billion

Firefly Aerospace launched its Alpha rocket into orbit. This is how it delivered a Lockheed Martin payload into space

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Firefly Aerospace launched its Alpha rocket into orbit. This is how it delivered a Lockheed Martin payload into space