Firefly Aerospace Rallies 24% After Starship V3 Test and SpaceX IPO Filing
FLY•Firefly Aerospace shares surged 24% following SpaceX’s Starship V3 test flight, which saw all 33 Raptor engines fire and successful stage separation. The SpaceX IPO filing seeking up to $75 billion at a potential $2 trillion valuation has driven euphoria across rocket and satellite stocks, lifting Firefly gains.
1. Starship V3 Test Flight Success
Firefly shares climbed after SpaceX’s Starship V3 test flight demonstrated all 33 Raptor engines firing, successful stage separation and heat shield deployment, showcasing the vehicle’s readiness for orbital missions.
2. SpaceX IPO Filing Sparks Sector Rally
SpaceX filed an IPO prospectus seeking up to $75 billion and a potential $2 trillion valuation, fueling investor enthusiasm and lifting rocket and satellite stocks across the board.
3. Firefly Aerospace's Stock Surge
Firefly Aerospace stock jumped 24.06% on the day, outperforming broader space infrastructure peers that gained up to 31%, as investors sought exposure to companies poised to benefit from SpaceX’s public offering.
4. Government Funding Tailwinds
Analysts cite the US Space Force’s 2027 budget planning $71 billion in allocations—a 78% increase year-over-year—as further support for dual-use space companies like Firefly to capture rising defense contracts.
