Overview
- Firefly Aerospace shares jumped 20.53% to close at $28.47 on Tuesday, following a Reuters report that SpaceX lined up 21 banks for a planned IPO near a $1.75 trillion valuation.
- The company’s recent update highlighted Q4 revenue of $57.67 million, beating a roughly $52 million estimate, and a cash balance of $792.97 million.
- For 2025, revenue rose 163% to $159.8 million while the net loss widened to $333.96 million, and the Q4 loss narrowed to about $41 million.
- Short-term trading signals turned positive, with shares above their 20-day and 100-day average prices and a bullish MACD momentum read, yet the stock remains about 55% lower over 12 months.
- A large SpaceX listing could draw more investor money into space stocks through comparisons and index flows, though quick gains may not track company-specific results.