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.

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August 6, 2025 Quick space links

Courtesy of BtB’s stringer Jay. This post is also an open thread. I welcome my readers to post any comments or additional links relating to any space issues, even if unrelated to the links below.

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Sunspot update: The Sun appears ready to once again confound the experts

It is the start of the month and time once again for my monthly sunspot update, using the update that NOAA posts each month to its own graph of sunspot activity but annotated by me with extra information to illustrate the larger scientific context.

This month’s update graph is below, and it shows once again that it is a big mistake to put any faith into any prediction anyone makes about the Sun’s eleven-year sunspot cycle, tracked by scientists since the 1700s. Beginning in April 2025 the NOAA solar science panel has been predicting that the solar maximum had hit its peak and that we should expect the Sun to begin its ramp down to solar minimum, expected around 2031.

NOT!
» Read more

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NASA officially ends failed Lunar Trailblazer mission

NASA on August 4, 2025 officially ended its months-long effort to recover its Lunar Trailblazer mission that failed almost immediately after launch in February.

Lunar Trailblazer shared a ride on the second Intuitive Machines robotic lunar lander mission, IM-2, which lifted off at 7:16 p.m. EST on Feb. 26 aboard a SpaceX Falcon 9 rocket from the agency’s Kennedy Space Center in Florida. The small satellite separated as planned from the rocket about 48 minutes after launch to begin its flight to the Moon. Mission operators at Caltech’s IPAC in Pasadena established communications with the small spacecraft at 8:13 p.m. EST. Contact was lost the next day.

Without two-way communications, the team was unable to fully diagnose the spacecraft or perform the thruster operations needed to keep Lunar Trailblazer on its flight path.

This failure of a NASA-built and operated lunar orbiter contrasts starkly with the success of the privately-built and operated Capstone mission. Contact with that spacecraft, built by Rocket Lab, was also lost soon after launch, but the company doing mission control, Advanced Space, was able to re-establish contract and get the spacecraft into lunar orbit, where it continues to function as planned.

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Confusion reigns as to what shuttle will be moved to Houston, if any

Despite amendments in the reconciliation bill that said the space shuttle Discovery held by the Smithsonian in DC would be transferred to Houston for display, it appears there is uncertainty and confusion as to what shuttle will be moved, above and beyond the Smithsonian’s opposition to this transfer.

The legislation that required Duffy to choose a “space vehicle” that had “flown in space” and “carried people” did not specify an orbiter by name, but the language in the “One Big Beautiful Bill” that President Donald Trump signed into law last month was inspired by Cornyn and fellow Texas Senator Ted Cruz’s bill to relocate Discovery. “The acting Administrator has made an identification. We have no further public statement at this time,” said a spokesperson for Duffy in response to an inquiry by collectSPACE.

It appears Duffy’s options are limited. NASA no longer has any title or ownership rights to the shuttles held by the Smithsonian and the California Science Center in Los Angeles. It owns the only remaining shuttle, Atlantis, which it has on display in Florida, but moving that to Houston would entail big political warfare.

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Astroscale awarded patent for its space junk removal technology

Astroscale's patented design
Astroscale’s patented design. Click for original.

The Japanese orbital tug and space junk removal startup Astroscale was awarded a U.S. patent in late July for its space junk removal technology.

Under this new patented method, the servicer docks with a debris object (the “client”) and transfers it to a reentry shepherd vehicle in a lower orbit. Once the client is docked with the shepherd, the servicer separates and proceeds to engage a new client, while the shepherd safely guides the initial client into Earth’s atmosphere for reentry. This process repeats, allowing the servicer to remove multiple large debris objects over the course of its mission.

Astroscale’s architecture also supports flexible mission profiles: the shepherd can remain docked through reentry, undocked after performing reentry insertion and returned to orbit, or in some cases, missions can proceed without a shepherd vehicle at all. This adaptability is essential in addressing the diverse size and risk profile of objects in orbit.

The company notes that this technology, which the image suggests will use robot arms to grab its targets, will allow its spacecraft to remove not only inactive satellites that were launched with docking equipment already attached but also rocket bodies and older satellites without that docking capability.

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Duffy touts nuclear power for lunar base

Sean Duffy
Sean Duffy, transportation secretary and interim
NASA administrator

NASA’s interim administrator Sean Duffy yesterday issued a directive touting the need to develop nuclear power for NASA’s planned lunar base. His comments during a press conference yesterday underlined his position.

Listen, this is not a new concept. This has been discussed under Trump One, under Biden, but we are in a race, we’re in a race to the Moon, in a race with China to the Moon. And to have a base on the Moon, we need energy. And some of the key locations on the Moon, we’re going to get solar power. But this fission technology is critically important, and so we’ve spent hundreds of millions of dollars studying can we do it? We are now going to move beyond studying and we are going, we have given direction to go. Let’s start to deploy our technology, to move, to actually make this a reality.

And I think the stat we have is 100 kilowatt output. That’s the same amount of energy a 2,000 square foot home uses every three-and-a-half days. So we’re not talking about massive technology. We’re not launching this live, that’s obviously, if you have any questions about that, no, we’re not launching it live [activated].

This is all blather designed to push Artemis and SLS and Orion. Duffy also once again touted the next Artemis mission, Artemis-2, that will use SLS and Orion to send astronauts around the Moon in April 2026, acting as if he had no idea about the mission’s known technical risks. He also insisted the lunar landing would follow soon thereafter.

More and more it appears to me that Trump dumped Jared Isaacman because it was almost certain Isaacman — with his own personal experience as an astronaut — would have likely refused to permit astronauts to fly on Artemis-2 because of Orion’s heat shield issues as well as its untested environmental systems. Duffy meanwhile is acting as a company man, pushing the program hard while ignoring the real risks. It appears Trump wants that manned lunar landing before he leaves office, and will brook no hesitation from anyone.

Welcome to Challenger and Columbia, all over again. Politics and scheduling has become paramount, while engineering takes a back seat.

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NASA awards small orbital tug study contracts to six companies

NASA yesterday awarded six companies small study contracts in connection with orbital tug operations, with some to study using their rocket upper stage for this purpose while others to see how they can refine the use of their tugs.

The press release was not entirely clear on how much money was involved in each contract, though in each case the amounts are relatively small.

The firm-fixed-price awards comprise nine studies with a maximum total value of approximately $1.4 million. The awardees are:

Arrow Science and Technology LLC, Webster, Texas [tug study]
Blue Origin LLC, Merritt Island, Florida [both tug and upper stage studies]
Firefly Aerospace Inc., Cedar Park, Texas [tug study]
Impulse Space Inc., Redondo Beach, California [tug study]
Rocket Lab, Long Beach, California [both tug and upper stage studies]
United Launch Services LLC, Centennial, Colorado [upper stage study]

The studies are expected to be finished by September 2025, and will be used by NASA to determine how it will get some of its future spacecraft to their intended orbits.

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August 5, 2025 Quick space links

Courtesy of BtB’s stringer Jay. This post is also an open thread. I welcome my readers to post any comments or additional links relating to any space issues, even if unrelated to the links below.

Sorry this is so late, but I was on my way home this evening and only just got in.

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Amazon’s Kuiper constellation wins contract from Australian telecom

The Australian telecommunications company NBN has now signed a contract with Amazon to use its Kuiper constellation of satellites, once operational, to provide internet access to its customers.

It appears that Amazon will sell its Kuiper terminals through NBN, instead of directly to customers, unlike Starlink which generally sells direct (unless local law forbids it). In this case it could be the Australian government is requiring these constellations to make such deals. It is also possible that government is playing favorites, favoring Amazon (not operational) over Starlink (now operational for years with millions of customers.

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