Firefly Aerospace (FLY)
Builds rockets, lunar landers, orbital vehicles and defense software for responsive space missions.
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Earns contract revenue from dedicated rocket launches, lunar landers, orbital vehicles, imaging and defense software for government and commercial customers. Alpha and Blue Ghost are flight-proven while Eclipse remains in development, and a material portion of revenue comes directly or indirectly from U.S. government contracts.
Provides launch and spacecraft systems to U.S. government, allied and commercial customers. Launch centers on the operational Alpha small-lift rocket and Eclipse, a reusable medium-lift vehicle in development with Northrop Grumman. Spacecraft Solutions includes Blue Ghost lunar landers, Elytra orbital vehicles, Ocula imaging, SciTec defense software and sensors, and Space-ng autonomous navigation.
Central Texas engineering, manufacturing and testing support vertical integration, while shared engines, avionics, structures and software link the rocket and spacecraft families. Alpha has executed rapid-response launches, and Blue Ghost completed a commercial lunar landing and NASA surface mission. Operations use U.S. launch sites, with a Swedish site under construction.
A material share of revenue depends on U.S. government contracts, which carry appropriations, audit, security-clearance, export-control and termination requirements. Launch timing also depends on FAA licensing and vehicle performance.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 12, 2026 | Jefferies | Target | Target: $52 | Target: $35 |
| Aug 12, 2026 | Roth Capital | Reiterate | Rating: —Target: $60 | Target: $45 |
| Jul 27, 2026 | Wells Fargo | Target | Target: — | Target: $25 |
| Jun 15, 2026 | Keybanc | Upgrade | ||
| Jun 14, 2026 | KeyBanc | Target | Target: — | Target: $50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $635.3M · Total debt $53.4M · Total assets $1.64B · Shareholders' equity $1.22B
- Revenue
- $117.7M
- Operating income
- −$95.2M
- Net income
- −$92.3M
No dividends on record.
| Institutions | ≈ 55.60% | 93.08M shares | |
|---|---|---|---|
| 294 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 13.72% | 22.97M shares | |
| 18 holders · as of Sep 18, 2026 | |||
| Strategic holders | 38.13% | 63.84M shares | |
| 2 holders · as of Feb 2, 2026 | |||
| Adds to | 107.45% | ||
167.40M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 107.45%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Aeroequity GP, LLC1Strategic10 percent owner | 35.13% | 58.81M | filed Feb 2, 2026 |
Ae Industrial Partners, LPInstitution | 20.63% | 34.53M | as of Jun 30, 2026 |
Astera InstituteInsider | 7.81% | 13.08M | filed Nov 10, 2025 |
Thomas E. MarkusicInsider10 percent owner | 4.47% | 7.48M | filed Aug 6, 2025 |
BlackRock, Inc.Institution | 3.53% | 5.90M | as of Jun 30, 2026 |
- Aeroequity GP, LLC's transaction reports restate only vehicles that traded; the 2026 ownership statement (58.81M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 18, 2026 | David Leigh Wheeler | officer: General Counsel | −3,765 | $45.12 |
| Apr 17, 2026 | David Leigh Wheeler | officer: General Counsel | −3,766 | $45.04 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Firefly Aerospace | $22.56 | −1.16% | $3.75B | — | — | 13.1 | +656.9% |
| Rocket Lab | $70.74 | +1.22% | $40.46B | — | — | 52.6 | +62.0% |
| Intuitive Machines | $15.52 | −1.27% | $2.51B | — | — | 5.1 | +309.8% |
| Karman | $34.96 | −0.71% | $4.67B | 123.6 | 46.2 | 7.9 | +58.2% |
| Redwire | $11.56 | −0.34% | $2.77B | — | — | 6.5 | +89.6% |
| Voyager Technologies | $37.81 | +0.40% | $2.28B | — | — | 13.1 | +15.5% |
| Kratos Defense & Security Solutions | $48.29 | −0.62% | $9.11B | 285.2 | 51.4 | 6.0 | +30.5% |
| Median | 204.4 | 48.8 | 7.2 | +60.1% |