Firefly Aerospace soars over 30% in market debut to land at $8.5 billion valuation
Firefly’s CEO Jason Kim reacts during the company's IPO at the Nasdaq MarketSite in New York City, U.S., August 7, 2025. Firefly Aerospace jumped more than 34% in its Nasdaq debut on Thursday after pricing shares above its expected range. The stock closed at $60.35, valuing the company at roughly $8.5 billion. Shares initially opened at $70 under the ticker symbol FLY. Space technology has gained momentum in recent years as companies such as Elon Musk's SpaceX amass more funding and governmen