Firefly Aerospace remains attractive for a speculative buy, despite a reduced price target of $37.38 and a recent 27% stock surge. Recent positives include Russell 2000/3000 index inclusion, a Volta Space partnership, and the appointment of an experienced COO from Boeing. FLY's valuation is now based on a 3x EV/Sales multiple for 2026, offering approximately 60% upside from current levels.
FLY's Q3 results may reflect strong launch and defense demand, though higher R&D costs are likely to have weighed on earnings.
Firefly Aerospace is well positioned in the space sector, with strong NASA partnerships and a growing backlog, despite recent stock lows. FLY's solid financial footing post-IPO enables continued innovation, while the SciTec acquisition expands its presence in the national security and defense markets. Although the Alpha Flight 7 setback highlights technical risks, the company's diversified growth drivers and major contracts support a positive long-term outlook.
In the capital-intensive world of the modern space race, a company's success often hinges on its next launch. For Firefly Aerospace NASDAQ: FLY, however, its most significant recent maneuver happened on the ground with a landmark $855 million bet.
Firefly Aerospace on Sunday said it had agreed to buy defense analytics firm SciTec for about $855 million in cash and stock, paving the path to its goal of becoming a significant player in the national security market.
Space technology firm Firefly Aerospace said on Sunday that it will acquire national security technology company SciTec for about $855 million in a cash and stock deal.
Firefly Aerospace (FLY 2.13%) reported Q2 2025 earnings last week, its first official earnings report since holding an amazingly (if only temporarily) successful initial public offering (IPO) in August.
Firefly Aerospace shares have plunged over 50% since IPO on two things: disappointing earnings and a failed Alpha rocket test. Execution risks and widening loss are pain-points but ones that have been priced into the stock at current levels. We see limited near-term downside. FireFly's backlog stands at $1.3B, driven by contracts for Alpha, Eclipse, Blue Ghost, and Elytra, with notable NASA and defense partnerships.
Publicly traded since early August, aerospace and defense stock Firefly Aerospace Inc (NASDAQ:FLY) is plummeting to new lows -- down 20.9% at $29.24 at last glance -- after one of the company's rocket boosters exploded during preflight testing in Briggs, Texas.
Firefly Aerospace's Alpha Flight 7 rocket exploded during a test flight at its Texas facility on Monday. The company said that it followed safety protocols and all personnel were safe.