Morgan Stanley has initiated coverage on Firefly Aerospace Inc (FLY) with an Equal-Weight rating, marking the firm's first assessment of the company. The rating reflects Morgan Stanley's analysis of Firefly's business, industry dynamics, and growth prospects.
Headquartered in Cedar Park, Texas, Firefly Aerospace designs and manufactures space launch vehicles. The company went public on August 7, 2025, and currently has a market capitalization of $2.7 billion. Firefly's offerings include the Alpha and Eclipse rockets, designed for various launch missions, alongside its spacecraft solutions like the Blue Ghost lander and Elytra.
As of now, Firefly's stock trades at $16.61. The company has upcoming earnings reports, with estimates for November 12, 2025, projecting an EPS of -$0.41 and revenue of $28.0 million. Recent earnings performance showed a surprise of 20.3% in Q3 2025, with an EPS of -$0.33 compared to estimates of -$0.41.
Analyst ratings, such as this one, provide insights based on research and financial models. However, they should be considered alongside other factors like company fundamentals and industry trends. Ratings can change as new information emerges, and different analysts may have varying perspectives on the same company.