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Space startup Firefly Aerospace (FLY) increased the proposed range for its initial public offering.
Firefly (FLY) plans to offer shares at $41 to $43, up from an earlier range of $35 to $39, according to an S-1A filing. The company last Monday announced it would be selling 16.2 million shares in its IPO.
The Texas-based company aims to list its shares on the Nasdaq Global Market under the ticker symbol “FLY.” It was valued at $2B in its last funding round in November 2024.
Firefly Aerospace (FLY) competes with other small- and medium-lift launch vehicle and lunar services markets. Key competitors include Rocket Lab (RKLB), Blue Origin (BORG), ABL Space Systems, bluShift Aerospace, Northrop Grumman (NOC), Astra, Orbex, and Masten Space Systems. There are some government contracts that also place Firefly (FLY) in competition with SpaceX (SPACE).