Firefly Aerospace rings the opening bell at the Nasdaq on Aug. 7th, 2025.
Firefly Aerospace jumped more than 50% in its Nasdaq debut on Thursday after pricing shares above its expected range.
Shares started trading at $70 each under the ticker symbol FLY. The initial price values the company at close to $10 billion. The shares ticked lower after the open.
Space technology has gained momentum in recent years as companies such as Elon Musk's SpaceX amass more funding and government contracts. Firefly is the third space company to go public this year after Voyager Technology and Karman Holdings.
The rocket and lunar lander maker priced shares late Wednesday at $45, above its expected range of $41 to $43, raising $868 million. Earlier this week, Firefly had hiked its range up from the $35 to $39 it initially expected.
Firefly's customers have included a growing list of key defense contractors such as Lockheed Martin and L3Harris, and the company recently received a $50 million from Northrop Grumman . Last month, Firefly also won a $177 million contract with NASA.