CEDAR PARK, Texas - Firefly Aerospace (NASDAQ:FLY) priced a public offering of 12 million shares of common stock at $48.00 per share, according to a press release statement issued Wednesday. The stock currently trades at $49.37, reflecting the company’s remarkable 179% surge over the past six months.
The space and defense technology company will sell 4 million shares, while certain selling stockholders will offer 8 million shares. The selling stockholders granted underwriters a 30-day option to purchase up to an additional 1.8 million shares at the offering price, less underwriting discounts and commissions.
The offering is expected to close on June 1, 2026, subject to customary closing conditions.
Firefly stated it intends to use net proceeds from its portion of the offering for general corporate purposes, including supporting growth of its core business and recently awarded programs and initiatives. The company will not receive proceeds from shares sold by the selling stockholders.The capital raise comes as Firefly maintains a solid balance sheet with more cash than debt, though InvestingPro analysis suggests the stock is currently overvalued relative to its Fair Value. For deeper insights into FLY’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.
Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies, and Wells Fargo Securities are serving as lead book-running managers for the offering. Morgan Stanley, Baird, Deutsche Bank Securities, Cantor and Needham & Company are acting as joint bookrunners. Roth Capital Partners, Academy Securities and Texas Capital Securities are serving as co-managers.
The offering is being made through a prospectus filed with the U.S. Securities and Exchange Commission. A registration statement relating to the securities has been filed with and declared effective by the SEC.
Firefly Aerospace, established in 2017, operates engineering, manufacturing, and test facilities in central Texas. The company produces small- to medium-lift launch vehicles, lunar landers, and orbital vehicles.
In other recent news, Firefly Aerospace announced it has been awarded a $75 million subcontract from NASA’s Jet Propulsion Laboratory. This contract involves delivering four drones to the Moon’s south pole for the MoonFall mission, part of NASA’s Moon Base initiative. The mission is scheduled to launch no earlier than 2028. Additionally, Firefly Aerospace, along with Blue Origin, secured contracts from NASA as part of the Moon Base program to establish infrastructure at the lunar South Pole. Firefly will build the spacecraft for the MoonFall mission, which aims to survey potential Artemis landing sites.
In another development, Firefly Aerospace announced a public offering of 12 million shares of common stock. This includes 4 million shares offered by the company and 8 million shares by certain selling stockholders. The offering is conducted under a registration statement filed with the U.S. Securities and Exchange Commission. These recent developments highlight Firefly Aerospace’s ongoing involvement in NASA’s lunar initiatives and its efforts to raise capital through a public stock offering.
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