Firefly Rockets Lockheed Payload To Orbit: Is FLY a High‑Beta Defense Trade?

Firefly Aerospace Inc. (NASDAQ:FLY) shares surged after the company's Alpha rocket successfully delivered a Lockheed Martin Corp. (NYSE:LMT) payload to orbit, putting fresh focus on whether the newly public launch provider is emerging as a high‑beta way to trade defense space spending.FLY stock is soaring. See the chart and price action here. Alpha Flight 7 Mission SuccessFirefly stock was up more than 18% in Thursday morning trading after Firefly confirmed its Alpha Flight 7 mission reached orbit and deplo ...