Firefly Aerospace Faces Class Action Lawsuit for Alleged Misstatements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Class Action Initiated: Bronstein, Gewirtz & Grossman has filed a class action lawsuit against Firefly Aerospace, alleging significant misstatements in documents issued during its August 7, 2025 IPO, affecting all investors who purchased securities during this period.
- Allegations of Misstatements: The complaint claims that Firefly overstated the demand and growth prospects for its Spacecraft Solutions and failed to disclose the commercial viability of its Alpha rocket program, potentially leading to significant losses for investors.
- Legal Implications: Investors must apply to be lead plaintiffs by January 12, 2026, or risk losing the opportunity to participate in any potential recovery, highlighting the urgency of the lawsuit.
- Law Firm Background: Bronstein, Gewirtz & Grossman is a nationally recognized firm specializing in securities fraud class actions, having recovered hundreds of millions for investors, underscoring its expertise in upholding market integrity.
FLY
$27.04+Infinity%1D
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 42.29 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
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 26.460
Low
27.00
Averages
42.29
High
65.00
Current: 26.460
Low
27.00
Averages
42.29
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.
