# FLY — Firefly Aerospace Inc · catalysts, narrative & risks

**Deep-research report — K3vl4r**  
**Symbols:** FLY  
**Sources:** 18  
**Published:** 2026-10-07  
**Canonical:** https://app.k3vl4r.com/research/deep-research-fly-firefly-aerospace-inc-catalysts-narrative-risks-6470

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# Firefly Aerospace Inc. (FLY) — Point-in-Time Research Summary (as of 2026-10-07)

## Context and Current Profile
Firefly trades on NASDAQ at roughly **$22.83** (Oct 6, 2026 close), with a market capitalization of about **$3.8 billion** and roughly 167.4 million shares outstanding [[13]](https://stockanalysis.com/stocks/fly/forecast/), [[17]](https://stockanalysis.com/stocks/fly/). The stock has a 52-week range of $16.00–$62.17, meaning it trades well below both its highs and its **August 2025 IPO price of $45** [[13]](https://stockanalysis.com/stocks/fly/forecast/), [[17]](https://stockanalysis.com/stocks/fly/), [[19]](https://finance.yahoo.com/markets/stocks/articles/archer-aviation-vs-firefly-aerospace-202701766.html). Firefly generates revenue from launch services (Alpha, Eclipse), lunar landers (Blue Ghost), and orbital vehicles (Elytra), serving national security, government, and commercial customers [[15]](https://fireflyspace.com/), [[17]](https://stockanalysis.com/stocks/fly/).

## Key Recent Catalysts (last ~1–3 months)

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