Firefly Aerospace Faces Class Action Lawsuit Over Alleged Misstatements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Class Action Initiated: Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against Firefly Aerospace, alleging significant misstatements in the documents issued during its August 7, 2025 IPO, impacting 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, which could lead to substantial negative consequences for the company.
- Investor Rights Protection: Affected investors are encouraged to apply to be lead plaintiffs by January 12, 2026, to seek damages in the lawsuit, highlighting the importance of protecting investor rights in the face of alleged corporate misconduct.
- Law Firm Background: Bronstein, Gewirtz & Grossman LLC is a nationally recognized firm specializing in securities fraud class actions, having recovered hundreds of millions for investors, underscoring its commitment to upholding market integrity and accountability.
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: 22.720
Low
27.00
Averages
42.29
High
65.00
Current: 22.720
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.
