The Largest Space Tech IPO of the Year Just Launched.jpeg
Firefly Aerospace has achieved some operational successes with missiles and Lunar Lander.
The company’s partnerships with the main industry players may be useful.
But the incomplete financial and administrative image in Firefly should give investors a temporary stop.
10 Wooding stocks better than Firefly Aerospace ›
Al -Wirepiece Space (Nasdaq: fly) Just pulling it secondMost of its impressive launch for this year.
the most The impressive launch came in January, when the company sent the new Blue Ghost unit, which is not transferred to the moon. The success of the task gave the rights of Al -Yarraa to Al -Yarraa as the first American company to implement a completely soft, soft (i.e. landing without causing severe damage to the unit). A huge wave of attention was also born in the company.
It is clear that this interest is still white, because Firefly’s general subscription on Thursday launched the company on Nasdak Rating $ 6.3 billion. Can the missiles be higher? Or will it return to the ground?
Photo source: Getty Images.
Space lovers that were canceled in the West. firefly It will be sad to know that the company’s name is not actually related to the TV series. Instead, it is the name of Firefly Tom Markusic – which is a former Spacex and Virgin (NYSE: Spce) Engineer – chosen to embody a virtual future in which the firing of missiles is common in the sky of the night, such as wreaths.
In fact, Firefly Aerospace has become comprehensive to make launch more frequent and accessible. The alpha missile has developed a smaller and lighter missile made of carbon fiber compounds that launched a satellite in orbit with only 24 hours notification in 2023. While Alpha is definitely lighter weight (and therefore, the lowest cost of rocks, almost other commercial rocks, were limited to that, for example, for example, for example, for example, from, it was from Sufism with rocks, for example, to be a rock.
Firefly also works on the Eletra Orbital vehicle and Ocula Lunar imaging service. The company has nine planned missions without testing until 2029: five in NASA, one for the American space force, and three for trading customers, to obtain the accumulation of current projects of $ 1.1 billion.
As more companies (and people) go to space, the demand for the cheapest space flights (does not intend to turn) is likely to rise. As a company that offers more affordable missiles, it has already achieved successful launch operations, Firefly has many potential competitors.
In addition, Firefly receives investment and support from heavy weights in industry Lockheed Martin (NYSE: LMT) and L3Harris (NYSE: LHX). In May, Firefly received an investment of $ 50 million from Northrop Grouman (NYSE: NoC). This is the presence of good blessings of major space operators. This is a great advantage for starting operation, financially and reputation.
The commercial space industry today is a fairly crowded place, with large and small companies to obtain limited money and contracts. However, early success tends to encourage investment, which nourishes success in the future. Firefly seems to have all the right ingredients, including an active pipeline, major industry partnerships, and some successful early tasks. If he can continue to do this, that may be the following Spacex … or maybe a greater success story.
For a 11 -year -old company, Firefly had a volatile past, which includes IP issues, bankruptcy in 2017, government intervention on national security concerns, and the departure of the sudden CEO in July 2024 (current CEO Jason Kim Hell took over in October 2024). Meanwhile, AE Industrial Partners control the company with a 40.9 % stake; The company’s employees are currently five of the nine board seats in Firefly. The public subscription bulletin also notes, “AE Industrial Partners controls us, and its interests may contradict our interests or for you in the future.”
This … a lot, and we have not even reached the company’s financial statements.
Since the public subscription, we do not have a full quarterly financial report from Firefly yet. But its subscription bulletin shows a clear loss of about $ 125 million in the first half of 2025, in addition to the negative free cash flow of about 97.5 million dollars, with only $ 205.3 million in its public budget and 173.6 million dollars. It is not a beautiful picture.
Now, it is not unusual for new startups to have high net losses and a negative free cash flow, but given the absence of a context and details, it is worth the question: Is this work worth an evaluation of $ 6.3 billion? What about 8.4 billion dollars, which the company briefly set on the first day of public trading on Thursday?
For me, this seems very expensive for a company that is not installed with mysterious financial data in a high -risk competitive manufacturer controlled by the investment capital company and its new CEO. Before I buy the shares, I would like to see at least some quarterly reports to get a clearer picture about how the company works. It will remain a risky bet, but now he feels buying.
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John barles has no position in any of the mentioned stocks. Motley Fool has positions in Technologies L3HARRIS. Motley recommends a lie of Lockheed Martin. Motley Fool has a disclosure policy.
The larger space technology subscription was launched a year, with a value of $ 6.3 billion. Can the arrow go to the moon? It was originally published by Motley Fool
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