Firefly Aerospace Inc. (NASDAQ:FLY) was discussed by Jim Cramer along with market froth. Cramer expressed caution, stating the need for companies with earnings. The company specializes in space and defense technologies for launching and operating assets in orbit.

During CNBC’s Squawk on the Street, Cramer showed optimism about Firefly Aerospace Inc.’s IPO potential, highlighting the importance of rocketry advancements. He suggested the stock could double and emphasized the company’s exciting prospects in the space industry.

While Firefly Aerospace Inc. (FLY) shows promise as an investment, some AI stocks may offer greater potential with lower risk. A recommendation was made to explore undervalued AI stocks benefiting from Trump-era tariffs and onshoring trends for potential growth opportunities.

Read more at Yahoo Finance: “I Think That That One Is a Little Too Speculative for Me”