<ul data-eligibleForWebStory="false"><li>Firefly Aerospace filed for an IPO after a year of successes, including a commercial moon landing and submitted its S-1 document to the SEC revealing financial details.</li><li>They entered the IPO with $176.9 million in cash but also carry significant debt of about $173.6 million, with plans to repay a term loan with the IPO proceeds.</li><li>Firefly reported $55.8 million in revenue as of March 31, mostly from spacecraft solutions, but still operated at a net loss of $231.1 million for the 2024 fiscal year.</li><li>While projecting growth with partnerships in the pipeline, the company cited strong customer demand with $1.1 billion in backlogged launch orders and contracts, intending to be a 'controlled company' post-IPO.</li></ul>

Firefly Aerospace files for an IPO

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