Firefly Aerospace Stock Craters After IPO Euphoria Fizzles—Wall Street’s Latest ’To the Moon’ Bet Stalls on Launchpad

Another space play, another reality check. Firefly Aerospace's stock nosedived after its first-day IPO pop—proving once again that Wall Street's love affair with 'next frontier' bets burns hotter than a re-entry plasma trail.

Gravity always wins

The market delivered a brutal payload adjustment to Firefly shares, dragging them back to earth after the initial hype cycle. Turns out, 'disruptive space tech' and 'profitability' still orbit different galaxies.

Short-circuited momentum

Day traders got torched chasing the opening surge—another cautionary tale about confusing IPO volatility with actual fundamentals. But hey, at least the underwriters collected their fees before the descent began.

Another space stock learns the hard way: what goes up must come down—especially when your business model relies on Congress continuing to throw money at orbital pipe dreams.