After Figma’s IPO success, Firefly Aerospace made its debut on the Nasdaq, with shares jumping over 34%. The company achieved America’s first lunar landing since 1972 and raised $868 million through the sale of 19 million shares. Despite setbacks, Firefly is determined to compete in the space industry.

Firefly’s research and development spending increased by 27% last year, reaching nearly $150 million. The company’s net loss also grew to $231 million, but it generated $61 million in revenue in 2024. With a backlog of orders at $1.1 billion, Firefly aims to launch more missions and develop reusable rockets to compete with industry leaders.

Read more at Yahoo Finance: Spacecraft-Maker Firefly Shoots for the Moon in Nasdaq Debut