Space startup company Firefly Aerospace (FLY.US) plans to price its IPO at $35-39 per share. Its latest round of financing has already valued the company at $2 billion.

Space startup company Firefly Aerospace (FLY.US) has initiated its IPO roadshow, planning to issue 16.2 million shares of common stock with a price range of $35.00 to $39.00 per share. The company has also granted underwriters a 30-day option to purchase up to an additional 2.43 million shares at the IPO price (minus underwriting discounts and commissions). Its latest funding round in November 2024 valued the company at $2 billion. According to the latest SEC filings, Firefly Aerospace's revenue increased by 10% to $60.8 million in 2024, reaching $55.9 million in the first quarter of 2025. With new government and commercial contracts, its order backlog nearly doubled, and its valuation climbed to $2 billion by the end of 2024 after the latest funding round. Despite rapid business growth, the company is still in a net loss position. As of March 2025, its net loss amounted to $60.1 million. The funds raised from this IPO are intended to repay existing debts and support business expansion, including an intense launch schedule and upcoming lunar exploration missions. Firefly Aerospace primarily competes in the small to medium-sized launch vehicle and lunar services market, with major competitors including Rocket Lab, Jeff Bezos' Blue Origin, ABL Space Systems, bluShift Aerospace, Northrop Grumman, Astra, Orbex, and Masten Space Systems. Some government contracts have also put it in competition with SpaceX.