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Firefly Aerospace’s IPO Soars as Space Sector Gains Investor Attention
Firefly Aerospace’s IPO Soars as Space Sector Gains Investor Attention
20
3
BTCCSquare news:
Firefly Aerospace's shares surged 44% to $66 in their market debut, marking another hot IPO in a sector increasingly crowded with speculative capital. The spacecraft Maker raised $868 million at a $45 offering price, now flirting with a $10 billion valuation. Its Blue Ghost lunar lander recently notched the first commercial moon landing—a milestone overshadowed by $100M+ annual losses despite 572% quarterly revenue growth.
The frenzy mirrors investor appetite for thematic bets: space joins AI, crypto, and quantum computing as sectors absorbing disproportionate capital inflows. Firefly's $1.1B order backlog suggests institutional confidence, though retail investors should note such debuts often correct violently after initial euphoria.
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