Jefferies has initiated coverage on Firefly Aerospace Inc (FLY) with a Buy rating, marking the firm's first assessment of the company's investment potential. This new rating comes as Firefly Aerospace continues to establish its place in the aerospace and defense industry, focusing on the design and manufacture of space launch vehicles.
Based in Cedar Park, Texas, Firefly Aerospace went public on August 7, 2025, and has since developed a scalable platform of launch and spacecraft solutions. The company offers two primary launch vehicles, Alpha and Eclipse, and has completed four launches of the Alpha rocket, designed to carry payloads of up to 1,000 kilograms into orbit. Its spacecraft solutions, including the highly maneuverable Blue Ghost lander and Elytra, are built on the same advanced technologies.
As of November 20, 2025, Firefly Aerospace boasts a market capitalization of $2.7 billion, with a trailing twelve-month EPS of -3.40. Upcoming earnings reports are scheduled for November 12, 2025, with an estimated EPS of -0.41 and revenue of $28.0 million, and for September 22, 2025, with an estimated EPS of -0.44 and revenue of $17.0 million.
Analyst ratings, like Jefferies' new Buy designation, provide insights based on research and financial modeling. However, these assessments are influenced by various assumptions that may not always hold true. Investors should consider a range of factors, including company fundamentals and industry trends, when making decisions. It's also important to note that analyst ratings can evolve as new information emerges, reflecting the dynamic nature of the market.