Firefly Aerospace

FLY

Market cap $3.07B

Redwire (NYSE: RDW) and Firefly Aerospace (NASDAQ: FLY) both missed Q3 2025 earnings badly.

The planned SpaceX initial public offering (IPO) will attract investor attention to other space stocks. It will also put SpaceX in a position to easily beat similar stocks.

Space stocks fell on heavy trading Thursday as investors digested several industry headwinds.

Firefly Aerospace Inc. offers a compelling risk-reward at current levels, with the potential to triple over the next 12 months. FLY boasts a $1B+ backlog with key contracts but faces significant execution and cash burn risks as it scales. Upcoming FLY earnings will be pivotal, with a focus on Alpha launch reliability, Eclipse development, and progress in higher-margin in-space services.

S&P 500 (^GSPC 0.06%) slipped 0.06% to 6,940.01, today as political uncertainty won out over yesterday's chip optimism. The Nasdaq Composite (^IXIC 0.06%) eased 0.06% to 23,515.39, and the Dow Jones Industrial Average (DJINDEX: ^DJI) fell 0.17% to 49,359.33 as Wall Street coasted into the long weekend after a choppy week.

Morgan Stanley analyst Kristine Liwag raised her price target on Firefly stock today. The shares immediately rose to hit her target -- then ran right past it.

CEDAR PARK, Texas, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Firefly Aerospace (Nasdaq: FLY), a market leading space and defense technology company, announced a Block II configuration upgrade for its Alpha rocket with a focus on enhancing reliability, streamlining producibility, and improving launch operations to further support commercial, civil, and national security mission demand. Firefly's upcoming Alpha Flight 7, targeted to launch in the coming weeks, will be the last flown in the current configuration and will serve as a test flight with multiple Block II subsystems in shadow mode to gain flight heritage and validate lessons learned ahead of the full Block II upgrade on Alpha Flight 8.

Space stocks roared into the new year, with several companies posting double-digit gains year-to-date.

NEW YORK--(BUSINESS WIRE)---- $FLY #Aerospace--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Firefly Aerospace Inc. (“Firefly” or the “Company”) (NASDAQ: FLY) and reminds investors of the January 12, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The.

New class action for Firefly Aerospace Inc. (FLY) investors to seek recovery for alleged securities fraud violations – lead plaintiff deadline of 1/12/2026