Firefly Aerospace Files for U.S. IPO After 10% Revenue Growth in 2024

Firefly Aerospace, a Texas-based space and defense tech company backed by AE Industrial Partners, has officially filed for an initial public offering (IPO) in the United States, reporting a 10% rise in revenue for 2024. The company disclosed $60.8 million in revenue, up from $55.2 million the previous year.

Firefly’s IPO filing comes amid renewed investor enthusiasm in the U.S. IPO market, particularly in the space sector. Analysts point to a “window of opportunity” driven by growing interest in space exploration and innovation, despite earlier headwinds tied to trade policy shifts and tariff uncertainty under President Donald Trump’s administration.

“There’s strong investor appetite for space-related IPOs,” said Josef Schuster, CEO of IPOX. “Recent listings like Voyager Technologies and Karman Holdings were well-received, highlighting the sector’s momentum.”

Founded in Texas, Firefly Aerospace develops small and medium lift launch vehicles, lunar landers, and orbital transfer vehicles. The company achieved a major milestone in March 2025 with its first successful Moon landing via the Blue Ghost spacecraft, marking its entry into the competitive global lunar race.

Firefly was last valued at $2 billion during a November 2024 funding round and plans to trade under the ticker symbol “FLY” on the Nasdaq. Goldman Sachs, JPMorgan, Jefferies, and Wells Fargo are serving as the lead underwriters for the IPO.

As investor optimism returns to the space industry, Firefly's listing is set to test the market’s appetite for high-growth, tech-driven aerospace ventures, further fueling competition in the rapidly expanding space economy.