Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Investing

Firefly Aerospace stock sinks 11%: why the IPO highs quickly fizzled

admin by admin
August 10, 2025
in Investing
0
Firefly Aerospace stock sinks 11%: why the IPO highs quickly fizzled
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Firefly Aerospace’s stock took a big hit on Friday, dropping about 11% after a wild but exciting debut earlier in the week.

When the company priced its IPO at $45 a share and started trading on Nasdaq as “FLY” on August 7, shares shot up over 34% on day one, opening at $70 and hitting an intraday high of $71.48 before settling at $60.35.

That buzz pushed its market value close to $8 billion. But like with a lot of fast-growing companies, the initial hype came with some serious ups and downs.

The next day, the stock slid steadily from the morning right into the afternoon, falling from just over $57 down to around $52, losing roughly 11-13% from Thursday’s close.

Still, even with the pullback, Firefly’s shares stayed well above the IPO price, so plenty of early investors are still sitting on some decent gains.

Firefly Aerospace stock: Profit-taking fuels early volatility

That quick sell-off after such a big jump is pretty common, it’s institutional investors and early backers cashing out some profits after the hype pushes the price up.

Plus, with only a limited number of shares freely trading and the ups and downs in the aerospace and defense world, things can get pretty volatile.

Add in hedge funds and retail investors jumping in trying to snag quick wins, and you get those sharp moves you see with new public companies.

Firefly Aerospace, based out of Cedar Park, Texas, is riding the wave of renewed interest in the commercial space and defense sectors.

Their strong start wasn’t a total surprise given what they’ve pulled off like the “Blue Ghost” lunar lander making a successful commercial soft landing on the Moon back in March, which really put them on the map as a private space pioneer.

They’re sitting on a solid backlog worth about $1.1 billion and have locked in some big NASA contracts for future lunar payload missions.

Analysts urge caution

Even with all the buzz, some analysts are waving a caution flag.

Firefly’s up against the usual aerospace hurdles like high development costs, long timelines, and plenty of risks that make it tough to turn a quick profit or see big revenue growth anytime soon.

Their latest numbers showed revenues lagging behind what their valuation suggests, plus ongoing losses. So, some traders still see the stock as pretty speculative, even with all the cool tech and solid contracts they’ve got.

Firefly’s IPO is part of a bigger comeback for space companies hitting the public markets after a bit of a quiet spell.

That first-day pop showed there’s still strong interest in aerospace plays with big growth potential but it also reminded everyone just how wild these stocks can be right after they start trading.

And it’s not just Firefly; peers like Rocket Lab and Astra Space might feel the ripple effect from how investors react to these price swings.

The post Firefly Aerospace stock sinks 11%: why the IPO highs quickly fizzled appeared first on Invezz

Previous Post

Top catalysts for the Nasdaq 100 Index and QQQ ETF this week

Next Post

Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more

admin

admin

Next Post
Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more

Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more

Trending News

White House weighs broad 20% import tariff on most imports: report

White House weighs broad 20% import tariff on most imports: report

April 1, 2025
US government’s investment in Intel may not be enough for turnaround: here’s why

US government’s investment in Intel may not be enough for turnaround: here’s why

August 24, 2025
Want US-made iPhone? Prepare your wallet for a major price hike

Want US-made iPhone? Prepare your wallet for a major price hike

April 14, 2025
Subscribe to Insightful Word


    Recent News

    White House details safeguards for TikTok sale; Oracle to oversee algorithm

    White House details safeguards for TikTok sale; Oracle to oversee algorithm

    September 22, 2025
    Dow futures tank 145 points on Monday: 5 things to know before Wall Street opens

    Dow futures tank 145 points on Monday: 5 things to know before Wall Street opens

    September 22, 2025
    US seeks critical scandium supply from Rio Tinto for defence purposes

    US seeks critical scandium supply from Rio Tinto for defence purposes

    September 22, 2025
    Oracle shares slips as company names new co-CEOs to replace Safra Catz

    Oracle shares slips as company names new co-CEOs to replace Safra Catz

    September 22, 2025

    Recent News

    White House details safeguards for TikTok sale; Oracle to oversee algorithm

    White House details safeguards for TikTok sale; Oracle to oversee algorithm

    September 22, 2025
    Dow futures tank 145 points on Monday: 5 things to know before Wall Street opens

    Dow futures tank 145 points on Monday: 5 things to know before Wall Street opens

    September 22, 2025

    Latest News

    • White House details safeguards for TikTok sale; Oracle to oversee algorithm
    • Dow futures tank 145 points on Monday: 5 things to know before Wall Street opens
    • US seeks critical scandium supply from Rio Tinto for defence purposes

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.