Firefly Aerospace stock tanks 24% after test rocket explosion
A model of the Firefly Aerospace Blue Ghost lander during the company's initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. The explosion occurred during a first-stage test flight of satellite-launching Alpha Flight 7 rocket at its facility in Briggs, Texas, Firefly wrote in an update . "Proper safety protocols were followed, and all personnel are safe," Firefly wrote. "The company is assessing the impact to its stage test stand, and no other facilities