Firefly Aerospace Inc. (NASDAQ:FLY) stock experienced a 2.56% drop during after-hours trading on Thursday, following its recent IPO. However, the company’s stock value remains robust, buoyed by its historic moon landing earlier this year.
Check out the current price of FLY stock here.
What Happened: Firefly Aerospace’s stock dropped to $57.79 during after-hours trading on Thursday. The company raised $868 million through its IPO by selling 19.3 million shares at $45 each.
The stock of the Texas-based aerospace company was trading at $62.41 at the time of publication.
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According to the Benzinga PRO data, FLY closed at $60.35, rising by $15.35 during regular trading hours. In extended trading hours, the stock dropped by $2.56.
Why It Matters: Firefly stock has been in focus in part due to the success of its Blue Ghost Mission 1, which was the first fully successful commercial moon landing. The mission was part of NASA’s Commercial Lunar Payload Services (CLPS) initiative, marking a significant milestone in space exploration.
Benzinga Edge Stock Rankings indicate that FLY stock has a negative price trend across all time frames. Find out the stock value of other aerospace companies.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
