Reported about 12 hours ago
Firefly Aerospace has filed for an IPO with the U.S. Securities and Exchange Commission, aiming to raise funds after significant successes, including a historic moon landing. The company is backed by $176.9 million in cash but grapples with a net loss of $231.1 million for the last fiscal year. Firefly has secured substantial backlog orders worth $1.1 billion and plans to leverage its partnerships for future growth, all while ensuring governance control remains with its majority stakeholder, AE Industrial Partners.
Source: YAHOO