Key Stats for Firefly Aerospace Stock
- Pre-market Price Change for FLY stock: 18.5%
- $FLY Share Price as of Nov. 12: $18.31
- 52-Week High: $73.80
- $FLY Stock Price Target: $52
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What Happened?
Firefly Aerospace (FLY) stock jumped 18.5% in pre-market after it beat revenue expectations and raised its full-year outlook.
The space technology company reported third-quarter revenue of $30.8 million, a 38% increase year-over-year and nearly double the $15.5 million reported in the previous quarter.
Several factors drove the revenue beat.
- NASA paid Firefly an additional $10 million for the extra lunar data collected during the Blue Ghost Mission 1, marking what the company calls a historic milestone in monetizing Moon data.
- Progress on Blue Ghost Mission 2 development and the ramp-up of Electra Mission 3 for the Defense Innovation Unit also contributed to the strong quarter.
Firefly raised its full-year 2025 revenue guidance to $150 million-$158 million, up from the previous range of $133 million-$145 million.
It also closed its $855 million acquisition of defense software firm SciTec in early November, positioning itself to pursue the massive $175 billion Golden Dome missile defense program.
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What the Market Is Telling Us About FLY Stock
The ongoing rally suggests investors are willing to look past recent setbacks and focus on Firefly’s improving fundamentals and strategic positioning.
FLY stock has been hammered since its initial public offering in August, losing roughly 70% of its value amid concerns about execution and two separate rocket incidents.
The stock got hit hard in September after an Alpha rocket exploded during a ground test in Texas. CEO Jason Kim attributed the incident to a “process error” rather than a design flaw and said corrective measures are in place.
The company plans to launch Alpha Flight 7 between late Q4 and early Q1 using the next booster from its production line.
Despite the turbulence, FLY stock could gain traction if Firefly executes on its $1.3 billion backlog and successfully integrates SciTec.
The company’s positioning across multiple revenue streams—launch vehicles, lunar landers, satellites, and now defense software—offers diversification that pure-play launch companies lack.
Management’s emphasis on national security missions and the Golden Dome opportunity also aligns well with increased defense spending priorities.
Investors should closely monitor the Alpha Flight 7 launch, as another setback could erode confidence.
But if Firefly can demonstrate launch reliability while ramping its spacecraft programs, FLY stock may have found a bottom at current levels.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
