Firefly Aerospace (NASDAQ: FLY) just pulled off its second-most impressive launch of the year.
The most impressive launch came in January, when the company sent its new uncrewed Blue Ghost module to the moon. The mission’s success gave Firefly bragging rights as the first U.S. company to execute a fully successful soft lunar landing (that is, landing without causing serious damage to the module). It also generated a huge wave of interest in the company.
That interest is clearly still white-hot, because Firefly’s Thursday IPO launched the company onto the Nasdaq at a valuation of $6.3 billion. Can it rocket even higher? Or will it fall back to earth?