Aerospace startup Firefly Aerospace (FLY.US) has an IPO price of 35-39 US dollars/share, and the valuation has reached 2 billion US dollars in the last round of financing

The Zhitong Finance App learned that the aerospace startup Firefly Aerospace (FLY.US) has launched an IPO roadshow and plans to issue 16.2 million common shares, with an issue price range of 35.00 to 39.00 US dollars per share.

The company also granted underwriters the option of over-allocating for 30 days and can subscribe for up to 2.43 million additional shares at the IPO price (after deducting underwriting discounts and commissions). Its most recent round of financing valuation reached US$2 billion in November 2024.

According to the latest SEC filings, Firefly Aerospace's revenue increased 10% to US$60.8 million in 2024, reaching US$55.9 million in the first quarter of 2025. Benefiting from new government and commercial contracts, its order reserves have nearly doubled, and its valuation climbed to the $2 billion mark after financing at the end of 2024.

Despite rapid business growth, the company is still in a net loss. As of March 2025, its net loss reached US$60.1 million. The capital raised in this IPO is intended to repay existing debts and support business expansion, including intensive launch schedules and upcoming lunar exploration missions.

Firefly Aerospace mainly competes in the small to medium launch vehicle and lunar service markets. Major competitors include Rocket Lab, Bezos' Blue Origin, ABL Space Systems, BluShift Aerospace, Northrop Grumman, Astra, Orbex, and Masten Space Systems. Some government contracts also make it competitive with SpaceX.