Firefly Aerospace, a Texas-based space company that successfully landed its Blue Ghost lander on the moon in March 2025, completed an upsized initial public offering (IPO) on August 7, 2025. The company priced its shares at $45 each, above the previously marketed range of $41 to $43, raising approximately $868.3 million by selling more than 19 million shares. The IPO valued Firefly Aerospace at around $6.32 billion to $6.4 billion initially. The offering was led by Goldman Sachs and was reportedly oversubscribed by 20 times, reflecting strong investor demand. Firefly began trading on the Nasdaq under the ticker symbol $FLY, with shares opening at $70, a 55.6% increase over the IPO price, which pushed the company's valuation to nearly $9.84 billion. The stock experienced a partial pullback but remained significantly above the IPO price during its first day of trading. CEO Jason Lil Kim emphasized the company's operational status and its ambition to build infrastructure on the moon to facilitate easier access for other entities. Firefly Aerospace is collaborating with Northrop Grumman to develop a partially reusable rocket aimed at competing with SpaceX's Falcon 9. Despite a strong debut, the stock experienced volatility and a decline of about 11% in morning trading on the following day, which was characterized as a normal market fluctuation. The successful IPO and market debut underscore continued investor enthusiasm for companies involved in expanding the U.S. space and defense sectors.