Firefly's stock plunged Tuesday, a day after the aerospace company's first earnings report since going public last month revealed widening losses. https://t.co/gZrk8Z5N5O ...

Firefly fell in postmarket trading after it reported second-quarter revenue that fell short of Wall Street’s expectations, as the small-rocket launcher works to ramp up the frequency of its flights and win new contracts https://t.co/AMjWMCEiXV ...

Market Performance - U.S. equity markets showed strong performance on September 22, 2025, with major indexes extending their record-setting rally despite early profit-taking and government shutdown concerns [1] - The S&P 500 closed at 6,664.36, up 0.5%, marking a new high, while the Nasdaq Composite rose 0.7% to 22,631.48, and the Dow Jones Industrial Average increased by 0.4% to 46,315.27 [2] - Afternoon trading saw the S&P 500 and Nasdaq Composite recover from initial dips, with the S&P 500 up 0.2% and Nasdaq gaining 0.3% [3] Sector Performance - The Technology Select Sector SPDR (XLK) gained 1% on Friday, driven by developments in artificial intelligence, while the Energy Select Sector SPDR (XLE) fell 1.3% [4] - Consumer stocks faced declines, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.3% [4] - Basic Materials showed strength in mid-session trading, indicating a selective market where growth-oriented sectors like technology outperformed [4] Corporate Earnings and Developments - Micron (MU) is set to report quarterly results, providing insights into semiconductor demand trends [7] - Nvidia (NVDA) shares surged by 3.5% following a strategic partnership with OpenAI, with Nvidia investing up to $100 billion [8][9] - Pfizer (PFE) advanced 2.5% after acquiring Metsera (MTSR) for up to $7.3 billion, while Metsera shares skyrocketed by approximately 60% [13] - Apple (AAPL) and Tesla (TSLA) rose approximately 4% and 2% respectively, following price-target hikes from investment firms [13] - Oracle (ORCL) stock climbed nearly 5% after a leadership reshuffle, with CEO Safra Catz transitioning to an executive vice chair role [13] - AppLovin Corp. (APP) surged 4.5%, contributing to the tech sector's strong performance [13] - Western Digital (WDC) generated a robust 41% return over the last month, significantly outperforming other S&P 500 stocks [13] Upcoming Market Events - Federal Reserve Chair Jerome Powell's speech on September 24 is anticipated to provide guidance on monetary policy following the recent rate cut [5] - The release of the Personal Consumption Expenditures (PCE) index on September 26 will be crucial for assessing inflationary pressures [6] - The U.S. S&P Global Manufacturing and Services PMI Flash for September will be released on September 23, offering insights into the health of the manufacturing and services sectors [6]

Summary of Recent IPOs and Upcoming Listings Group 1: Recent IPOs - Last week, 9 new stocks were listed, with 3 companies raising over $100 million [1] - Firefly (FLY) raised $868 million by issuing 19.3 million shares at $45 each, exceeding its initial plan [1] - Heartflow (HTFL) raised $317 million by issuing 16.67 million shares at $19 each, also surpassing its original range [1] - Black Eye Technology (DKI) raised $60 million by issuing 1.5 million shares at $4 each [1] - Avidbank Holdings (AVBH) raised $60.03 million by issuing 2.61 million shares at $23 each [2] - SPAC Quantumsphere Acquisition (QUMSU) and Starry Sea Acquisition (SSEAU) raised $72 million and $50 million, respectively [2] Group 2: Upcoming IPOs - rYojbaba Co., Ltd., a chiropractic service provider, plans to list on NASDAQ under the ticker RYOJ on August 12, 2025, aiming to raise approximately $6.25 million by issuing 1.25 million shares at $4 to $5 each [3][4][6] - Bullish, a cryptocurrency exchange, plans to list on NYSE under the ticker BLSH on August 13, 2025, with a target of raising about $629 million by issuing 20.3 million shares at $28 to $31 each [8] - Miami International Holdings, Inc., a financial exchange operator, plans to list on NYSE under the ticker MIAX on August 14, 2025, aiming to raise approximately $315 million by issuing 15 million shares at $19 to $21 each [8][10] Group 3: Financial Data of Upcoming IPOs - rYojbaba's projected revenues for 2023 and 2024 are $10.96 million and $11.58 million, with net profits of $770,000 and $1.33 million, respectively [8] - Bullish reported revenues of $80.3 billion for Q1 2025, with a net loss of $349 million [8] - Miami International's projected revenues for 2023 and 2024 are $1.04 billion and $1.14 billion, with net losses of $21.37 million and a net profit of $102 million, respectively [10]

Company Performance - Firefly shares soared in their Nasdaq debut [1] Industry Focus - Firefly is a space tech company with the Space Force as a major client [1]

Firefly raised $868 million in an upsized IPO, pricing its shares above a marketed range in a reflection of the surging demand for satellite launch services https://t.co/rm9luRdQea ...

Core Viewpoint - Firefly, a space technology company, has raised its IPO price range to $41 to $43 per share, indicating strong market interest and a potential valuation of $6 billion [1] Group 1: IPO Details - Firefly plans to issue 16.2 million shares in its upcoming IPO, with the new price range being higher than the previous range of $35 to $39 per share [1] - The pricing for the IPO is expected to be finalized on August 6 [1] Group 2: Financial Performance - For the three months ending March 31, Firefly reported a net loss of $60.1 million and revenue of $55.9 million [1]

Space tech firm Firefly has increased the potential size of its IPO to as much as $697 million, according to a SEC filing https://t.co/FHPNq0zr7g ...