Firefly Aerospace is gearing up to make their Wall Street debut. And they’re aiming to raise more than half a billion dollars to fuel their space ambitions.
What’s happening:
- Firefly Aerospace has officially announced they will issue 16.2M common shares in their IPO financing round
- The IPO financing round is being led by Goldman Sachs, J.P. Morgan, Jefferies and Wells Fargo Securities
By the numbers:
- Firefly Aerospace is aiming to raise their IPO financing round between $35-$39 USD per share, which would raise more than $500M USD in total funding
- The IPO financing round values Firefly Aerospace at more than $5B USD
Why it matters:
- Firefly Aerospace is one of the most advanced private aerospace companies in the world, with existing contracts with the United States Department of Defense and NASA
Going deeper:
- Northrop Grumman (NYSE: NOC) previously made waves when they made a $50M USD strategic investment into Firefly Aerospace to accelerate their collaboration on a medium lift rocket known as Eclipse
