Firefly Aerospace Announces Alpha Rocket Block II Upgrade
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
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Firefly Aerospace announced a Block II configuration upgrade for its Alpha rocket with a focus on enhancing reliability, streamlining producibility, and improving launch operations to further support commercial, civil, and national security mission demand. Firefly's upcoming Alpha Flight 7, targeted to launch in the coming weeks, will be the last flown in the current configuration and will serve as a test flight with multiple Block II subsystems in shadow mode to gain flight heritage and validate lessons learned ahead of the full Block II upgrade on Alpha Flight 8. "The Block II upgrade has been part of Firefly's strategic growth plan to meet the evolving needs of the growing global launch market and further supports Firefly's culture of continuous improvement with a focus on enhanced safety, quality, and reliability," said Jason Kim, CEO of Firefly Aerospace. "Firefly worked closely with customers and incorporated data and lessons learned from our first six Alpha launches and hundreds of hardware tests to make upgrades that increase reliability and manufacturability with consolidated parts, key configuration updates, and stronger structures built with automated machinery."
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Analyst Views on FLY
Wall Street analysts forecast FLY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLY is 34.83 USD with a low forecast of 27.00 USD and a high forecast of 65.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 28.860
Low
27.00
Averages
34.83
High
65.00
Current: 28.860
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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