Firefly Aerospace selected for NASA's MoonFall mission
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2024
0mins
Source: Globenewswire
Firefly Aerospace's stock fell 8.37% as it hit a 5-day low amid broader market strength, with the Nasdaq-100 up 0.14% and the S&P 500 flat.
The company was selected by NASA to build the spacecraft for its MoonFall mission, which aims to transport drones from Earth's orbit to the moon, targeted for launch in 2028. This significant contract highlights Firefly's role in advancing U.S. capabilities in lunar exploration, despite the current stock decline.
This contract could enhance Firefly's market position and revenue potential in the growing space sector, although the immediate stock reaction reflects broader market dynamics rather than the contract's positive implications.
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Analyst Views on FLY
Wall Street analysts forecast FLY stock price to rise
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 31.150
Low
27.00
Averages
34.83
High
65.00
Current: 31.150
Low
27.00
Averages
34.83
High
65.00
About FLY
Firefly Aerospace Inc. is a space and defense technology company. The Company provides comprehensive mission solutions to national security, government, and commercial customers. It has designed, developed, and deployed its vehicles and dynamic spacecraft solutions to support critical customer missions across the space domain. It has a differentiated and scalable platform of Launch and Spacecraft Solutions with flight heritage. Within Launch, it has two offerings built on common technologies: Alpha and Eclipse. Alpha is a United States-based orbital rocket in the 1,000 kilograms class to successfully reach orbit, with four launches completed. Eclipse, a reusable and scaled up version of Alpha. Its Spacecraft Solutions include Blue Ghost lander (Blue Ghost) and Elytra offerings, highlight the heritage of common technologies from its launch vehicles. Blue Ghost Lander and Elytra are highly maneuverable spacecraft enabled by high-performance rocket engine technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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