Deutsche Bank has initiated coverage on Firefly Aerospace Inc (FLY) with a Hold rating, marking the firm's first assessment of the company since its recent IPO on August 7, 2025. Currently priced at $16.61, this rating reflects Deutsche Bank's analysis of Firefly's business fundamentals and industry dynamics.
Firefly Aerospace, headquartered in Cedar Park, Texas, focuses on designing and manufacturing space launch vehicles. The company offers mission solutions to national security, government, and commercial customers, underpinned by a scalable platform of launch and spacecraft solutions. Its product lineup includes the Alpha orbital rocket, which has completed four successful launches, and the reusable Eclipse variant. Additionally, the company’s spacecraft solutions feature the Blue Ghost lander and Elytra, both leveraging advanced rocket engine technology.
As of November 20, 2025, Firefly Aerospace holds a market capitalisation of $2.7 billion and reports a trailing twelve-month EPS of -3.40. Upcoming earnings are scheduled for November 12, 2025, with estimates of -$0.41 EPS and $28.0 million in revenue. Recent performance indicates a Q3 2025 EPS of -0.33, surpassing estimates by 20.3%.
Analyst consensus as of November 1, 2025, includes 2 Strong Buy, 5 Buy, 3 Hold, and no Sell ratings, suggesting a general positive outlook among analysts. However, ratings can evolve with new information, and differing opinions may arise among analysts regarding the same company.
This update provides insight into Firefly Aerospace's standing in the market following its initial coverage.