Firefly’s stock sells at price higher than expected
Firefly began selling stock to the public today on the Nasdaq stock market, with the price per share immediately rising to $45 per share, above the expected range of $41-$43, suggesting it could raise as much as$868 million in investment capital.
The strong interest in the stock by investors suggests there is great confidence in the company’s future, following the successful landing of its Blue Ghost lunar lander earlier this year. It has won a total of four lander contracts from NASA. The company also has won both commercial and NASA contracts in connection with its Elytra orbital tug. It has had mixed results with its Alpha rocket, experiencing both launch failures as well as successes, but it is also developing a larger rocket in partnership with Northrop Grumman.
This enthusiasm is noteworthy in that the company is not yet in the black, though its revenues have been increasing.
For the quarter that ended in March, Firefly reported a net loss of about $60.1 million, widening from $52.8 million in the year-ago period. Revenue jumped sixfold to $55.9 million from $8.3 million. Its backlogged totaled about $1.1 billion.
Overall it appears Firefly’s future is solid, suggesting it will join SpaceX and Rocket Lab as a major new space player in the coming years.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Firefly began selling stock to the public today on the Nasdaq stock market, with the price per share immediately rising to $45 per share, above the expected range of $41-$43, suggesting it could raise as much as$868 million in investment capital.
The strong interest in the stock by investors suggests there is great confidence in the company’s future, following the successful landing of its Blue Ghost lunar lander earlier this year. It has won a total of four lander contracts from NASA. The company also has won both commercial and NASA contracts in connection with its Elytra orbital tug. It has had mixed results with its Alpha rocket, experiencing both launch failures as well as successes, but it is also developing a larger rocket in partnership with Northrop Grumman.
This enthusiasm is noteworthy in that the company is not yet in the black, though its revenues have been increasing.
For the quarter that ended in March, Firefly reported a net loss of about $60.1 million, widening from $52.8 million in the year-ago period. Revenue jumped sixfold to $55.9 million from $8.3 million. Its backlogged totaled about $1.1 billion.
Overall it appears Firefly’s future is solid, suggesting it will join SpaceX and Rocket Lab as a major new space player in the coming years.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News