The American rocket company Firefly is going public

A private aerospace company in the United States called Firefly Aerospace is set to go public on NASDAQ on August 7! Although this company was only established in 2017, it has accomplished quite a lot. Not only can it launch small rockets, but it has also developed a space logistics chain, including orbital transfer stations, lunar landers, and even reusable rockets in development.

In March of this year, their Blue Ghost lunar lander successfully helped NASA complete a moon landing mission, making Firefly the first commercial lunar private company in the United States. Impressive, right! However, despite the strong technology, the company has yet to make a profit, but this IPO is valued at a staggering $5.6 billion, indicating that the capital market is very optimistic about them!

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In short, if Firefly's IPO goes well, it might spark a wave of commercial aerospace concept stocks. However, investing carries risks, so everyone should be cautious!