The company has registered with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO) of shares of its common stock, it has announced. The number of shares, and their pricing, has yet to be determined.
Nasdaq
Firefly says it will list its stock on Nasdaq under the ticker symbol “FLY”.
Goldman Sachs, J.P. Morgan, Jefferies, and Wells Fargo Securities are acting as lead bookrunning managers for the proposed offering, says Firefly. And Morgan Stanley, Deutsche Bank Securities, and Cantor are acting as joint bookrunners. Roth Capital Partners and Academy Securities will be co-managers.
Firefly is a portfolio company of AE Industrial Partners (“AEI”) and is based in Cedar Park, Texas. It describes itself as “focused on delivering responsive, reliable, and affordable space access for government and commercial customers”.
Alpha and Elytra
At the end of last year, the company raised $175m Series D to develop its Alpha rocket and Elytra orbital vehicle. This valued the company at more than $2 billion.
Its launch vehicles include Alpha (for payloads up to 1,030kg in LEO) and the more powerful MLV (up to 16,300kg).
Firefly also plans to develop its Elytra orbital vehicle.
The company is also poised to begin its inaugural Blue Ghost mission to the Moon as part of NASA’s Commercial Lunar Payload Service initiative.
Image: Firefly Aerospace – Elytra Dark
