Well, joining me now for more is Andrew Shannon. He runs Procure Space ETF, ticker UFO. It's one of the largest funds dedicated to the space economy.It was the first one out into the marketplace. And of course, you're also the CEO and co-founder of Procure AM. It's great to have you here. >> Great to be back.>> What are your thoughts on this Firefly IPO today that we got. It was 25 times overs subscribed. And Firefly just sort of dovetales into what we've already seen from some of the other what I would cal ...

Core Insights - Firefly Aerospace has successfully launched its IPO, with shares initially priced at $45 and quickly rising to $70, reflecting strong market demand and a valuation approaching $10 billion [1][2]. Company Overview - Firefly Aerospace specializes in enabling government and commercial customers to launch, land, and operate in space, emphasizing responsive and reliable operations [4]. - The company achieved a significant milestone in March by becoming the first commercial entity to land on the moon with its Blue Ghost lander [4]. Financial Performance - Despite ongoing losses amounting to hundreds of millions annually, Firefly Aerospace reported a remarkable 572% year-over-year revenue increase in the first quarter of 2025 [5]. - The company has a substantial backlog of $1.1 billion as of the end of the first quarter, indicating strong future revenue potential [5]. Market Context - The IPO market remains robust, with Firefly Aerospace joining other recent high-profile IPOs, positioning the space sector as a hot investment area alongside artificial intelligence, crypto, and quantum computing [2]. - The company issued approximately 22.2 million shares during the IPO, with a weighted average of 43.7 million shares reported in its registration statement [6]. Industry Outlook - Firefly Aerospace is viewed as a leader in a promising and futuristic industry, suggesting potential for significant growth despite the inherent uncertainties associated with new sectors [7].

Firefly Aerospace Jumps More Than 50% In IPO Before Settling https://t.co/1mYHei9EJg https://t.co/1mYHei9EJg ...

Firefly Aerospace Jumps More Than 50% In IPO Before Settlinghttps://t.co/mIg0GUw2O2 https://t.co/9iuiirfjAv ...

Just last week, I covered Figma's ( FIG ) IPO and said it’s arguably the most-talked-about IPO of 2025. Today, I’ll say the hottest IPO of the year might not be Figma. It might just beI’m passionate about finance and investing, focusing on business analysis, fundamental analysis, valuation, and long-term growth, especially in sectors like AI, fintech, finance and tech. I study finance and economy and have hands-on experience in equity research, financial modeling, and creating investment content. I actively ...

Group 1 - Firefly Aerospace (FLY.US) went public on the US stock market, with shares opening up over 54% at $69.63, compared to the IPO price of $45 [1] - The company was founded in 2014 and faced near bankruptcy due to funding issues, but successfully landed its "Blue Ghost" lunar lander, becoming the only private lunar probe to achieve stable landing [1] - In this IPO, Firefly increased the number of shares issued to 19.3 million, raising approximately $868 million, which exceeded previous fundraising plans [1] Group 2 - There was strong market demand for Firefly's stock, with subscription orders being ten times the originally planned issuance [1]

Core Viewpoint - Firefly Aerospace successfully went public on the US stock market, with a significant opening price increase of over 54% from its IPO price of $45 to $69.63 [1] Company Summary - Firefly Aerospace was founded in 2014 and faced near bankruptcy due to funding issues before achieving a major milestone in March 2023, when its "Blue Ghost" became the only privately developed lunar lander to successfully and stably land [1] - The company increased the number of shares issued in its IPO to 19.3 million, raising approximately $868 million, which exceeded previous fundraising plans [1] - There was strong market demand for Firefly's stock, with subscription orders being ten times the originally planned issuance [1]

Market Trends & Tariffs Impact - The market has largely ignored tariffs for the past 3 months, but concerns are rising about their potential impact on corporate profits [1] - Fresh tariffs from the Trump administration have gone into effect, with rates ranging from 50% on goods from Brazil to 35% for Switzerland and 25% for India [1] - The market's upward movement is attributed to concentration in software companies and companies like Nvidia seeking exemptions [1] - The AI trade is driving a lot of market enthusiasm, making it hard to find bears in the tech sector [2] Company Performance & Strategies - Airbnb's Q2 earnings beat estimates with revenue up 13% and net income up 16%, but Q3 guidance is weaker due to tariffs and investments [3] - Airbnb is investing $200 million in new services and experiences, impacting profit margins [3] - Apple CEO Tim Cook presented President Trump with a gift and pledged to spend $100 billion more on US companies and suppliers over the next four years [1] - Apple warned that tariffs would negatively impact profits by $110 million [2][3] Economic Outlook & Investment Strategies - One perspective suggests tariffs are beneficial for the US economy in the long run by reducing the budget deficit and increasing private investment, potentially raising economic growth by 2% [1][2] - Another perspective views tariffs as unsustainable and believes the market has merely adjusted expectations from catastrophic levels to still-high levels [1] - The market is seen as a "seven stock market" concentrated in the MAG seven [1] - There's a debate on whether to allow private equity, real estate, and crypto in 401ks, raising concerns about increased risk in retirement savings [11][12]

I want them to be the push back saying, "Listen, guys, we can't have these kind of double and triple pops. We just can't uh because it's not like it's what we did wrong in 2000. We don't want to repeat it." But so far, so bad. Let's get the opening bell of the CBC Realtime Exchange. The big board, it's C1, a digital assets closed in fund celebrating an IPO at the NASDAQ.also that IPO Firefly Aerospace as we said the space and defense technology company Jim looks to be impressive here at the open you had the ...

Group 1 - Firefly Aerospace has successfully transitioned from bankruptcy and management turmoil to a public listing on the NYSE, becoming a notable player in the commercial space industry [1][2] - The company raised approximately $868 million through its IPO by issuing 19.3 million shares at a price of $45, with demand exceeding the initial offering by tenfold, leading to a valuation of over $7 billion [1][2] - Firefly's significant achievement includes the successful soft landing of its "Blue Ghost" lunar lander, making it the only private lunar probe to achieve stable landing, which has bolstered its credibility in the market [2] Group 2 - The company has secured multiple lunar contracts from NASA, including a $177 million grant for its fourth lunar mission, indicating strong support and demand for its services [2] - Firefly is collaborating with Northrop Grumman to develop a larger Eclipse rocket to compete with SpaceX's Falcon 9, while also advancing its "Elytra" satellite product line for on-orbit servicing [2] - The founder and early investors have seen substantial returns, with the CTO holding shares valued at $557 million and early backers like Astera Institute seeing returns exceeding tenfold [3]