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Firefly, a space and defense company, filed its US IPO in 2024. Revenue growth is projected to be at least 20%.

Firefly Aerospace, a space and defense technology firm backed by AE Industrial Partners, disclosed on Friday a 10% increase in revenue for 2024 in its filing to go public in the United States.

Firefly reported a revenue of $60,8 million in 2024 compared to $55.2 millions the previous year.

Investors are returning to the U.S. IPO Market after months of sluggishness earlier this year, triggered by policy changes and tariff uncertainty under Donald Trump.

"There's a window of opportunities' in space-related IPOs", said IPOX CEO Josef Schuster. He added that there is a strong appetite from investors for space-related offerings. This is due to the enthusiasm for the growth prospects in the space sector.

When Voyager Technologies, a space firm, and Karman Holdings debuted their listings in the first quarter of this year, they received warm welcomes.

Firefly, based in Texas, designs and manufactures small- and medium-lift launch vehicles as well as lunar landers and orbital transfer vehicle.

First Moon landing

In March, the Blue Ghost spacecraft will join a few private companies in the global race to the moon.

Firefly Secured a

Value of $2 Billion

In a funding round in November 2024. It plans to list on Nasdaq with the symbol "FLY".

Goldman Sachs is the lead underwriter for this offering. JPMorgan, Jefferies, and Wells Fargo will also be involved. (Reporting and editing by Pooja Deai in Bengaluru, with Prakhar Srivastava from Bengaluru)

(source: Reuters)