By Prakhar Srivastava (Reuters) -AE Industrial Partners-backed space and defense technology company Firefly Aerospace on Friday disclosed a 10% rise in 2024 revenue in its filing for an initial public offering in the United States. Firefly revealed a revenue of $60.8 million in 2024, compared to $55.2 million the previous year. The U.S. IPO market […]
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Space and defense firm Firefly’s US IPO filing reveals 2024 revenue growth
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By Prakhar Srivastava
(Reuters) -AE Industrial Partners-backed space and defense technology company Firefly Aerospace on Friday disclosed a 10% rise in 2024 revenue in its filing for an initial public offering in the United States.
Firefly revealed a revenue of $60.8 million in 2024, compared to $55.2 million the previous year.
The U.S. IPO market is witnessing renewed interest and vigor, especially for space listings, as investors return after months of sluggish activity earlier this year triggered by policy shifts and tariff uncertainty under President Donald Trump.
“There is a ‘window of opportunity’ in space-related IPOs,” said IPOX CEO Josef Schuster, adding that there was strong investor appetite for space-related offerings. “This is driven by enthusiasm about the growth prospects of the sector.”
Space firms Voyager Technologies and Karman Holdings received warm welcomes when they debuted listings earlier this year.
Texas-based Firefly designs and manufactures small and medium lift launch vehicles, lunar landers and orbital transfer vehicles.
It scored its first Moon landing in March with the Blue Ghost spacecraft, joining a handful of private companies competing to reach the frontlines in a global lunar race.
Firefly secured a valuation of $2 billion in a November 2024 funding round. It intends to list on the Nasdaq under the symbol “FLY”.
Goldman Sachs, JPMorgan, Jefferies and Wells Fargo are the lead underwriters for the offering.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Pooja Desai)