Firefly Aerospace, the primary industrial firm to efficiently land on the moon, simply introduced the goal per-share pricing for its proposed preliminary public providing (IPO) on the Nasdaq.
In a submitting with the U.S. Securities and Trade Fee (SEC) immediately, the Texas-based firm shared that it utilized to the Nasdaq with a suggestion of 16.2 million shares of widespread inventory, every priced between $35 and $39 per share—a launch that would elevate as a lot as $631.8 million for Firefly.
The corporate plans to commerce its inventory beneath the ticker image “FLY.”
Based on Firefly, internet proceeds from the IPO can be used “to repay excellent borrowings beneath its credit score settlement, pay any accrued and unpaid dividends on sure sequence of its most popular inventory, and for normal company functions.”
If the IPO is accredited by the Nasdaq, it is going to be the most recent in a sequence of tech-focused listings which have drawn renewed investor curiosity this yr, a bunch that features fintech firm Chime, stablecoin issuer Circle, and digital well being platform Hinge Well being.
Firefly has not introduced an anticipated date for the itemizing, however mentioned in a press launch on Monday that it has launched its “roadshow.” Quick Firm has reached out for extra data on the timing.
What’s Firefly Aerospace?
Firefly Aerospace is a non-public firm specializing in constructing small- to medium-lift launch autos, lunar landers, and orbital autos from its headquarters in Cedar Park, Texas. Its proposed IPO comes simply months after the corporate landed on the moon for the primary time by means of a partnership with NASA.
The Blue Ghost Lunar Lander Mission 1, dubbed “Ghost Rider within the Sky,” was a collaboration between Firefly and NASA’s Business Lunar Payload Companies (CLPS) initiative, which gives mounted contracts to industrial companions.
In all, CLPS awarded Firefly $101 million to craft a four-legged lander that would ship 10 NASA payloads (weighing 340 kilos) to the moon’s floor. These payloads have been designed to check matters just like the conduct of lunar mud, the moon’s inner construction, and Earth’s magnetosphere. The mission launched on January 15 and efficiently touched down on March 2.
“It simply reveals that the personal business, the industrial world, has lots of reasonably priced, responsive know-how and methods that would present NASA a frequent means to go to the moon and perform all these high-stakes critical-science missions for decrease value in addition to do it sustainably,” Firefly CEO Jason Kim advised Quick Firm in January.
Now, Firefly is already gearing as much as full two extra missions for NASA in 2026 and 2028.
The corporate’s success, alongside the rising prominence of different gamers like Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin, present that non-public corporations have gotten more and more highly effective in immediately’s area race—a pattern that will make FLY inventory a priceless asset to potential future traders.
