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Firefly Aerospace prices shares at $45, above the expected range
The Blue Ghost Mission Operations Engineer, Jaxon Liebeck, showcases the Blue Ghost moon lander at Firefly Aerospace headquarters on Tuesday, Dec. 3, 2024 in Cedar Park.
Houston Chronicle/hearst Newspapers | Hearst Newspapers | Getty Images
Firefly Aerospace priced shares in its IPO at $45 on Wednesday, above its expected range.
The Texas-based rocket maker will debut on the Nasdaq Thursday under the ticker symbol “FLY.” The offering raised $868 million and values the company at about $6.3 billion.
Fireflyfiled its initial prospectus in Julyandupped its IPO rangethis week to $41 to $43 a share, from an initial range of $35 to $39.
The space technology sector has seen rising investor interest over the last few years as billionaire investors such as Elon Musk and Jeff Bezos put their money behind SpaceX and Blue Origin, respectively.
So far this year, space technology companies Voyager Technology and Karman Holdings have gone public.
The broader IPO landscape has also seen major public debuts this year from FigmaCoreWeave and Circle as the market for public offerings reopens following a prolonged drought.
Read more CNBC tech news
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Auckland BioScience's new MonteSera facility in Parque de las Ciencias of Uruguay. Photo: SUPPLIED/Auckland BioSciencesWhile animal blood might make some people squeamish, a New Zealand company putting it "to very good use" in the pharmaceutical industry is now expanding into South America.
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