Core Points - Firefly Aerospace has set its IPO price at $45 per share, significantly higher than the previously revised range of $41-$43 and the initial expectation of $35-$39 [1] - The IPO raised $868 million, valuing the company at approximately $6.3 billion [1] - The company focuses on space technology development, including lunar landers and launch vehicles, and recently secured a $177 million contract from NASA [1] - The successful IPO indicates a recovery in the IPO market after a prolonged downturn, with several tech companies completing significant IPOs this year [2] Company Summary - Firefly Aerospace has established close collaborations with defense contractors such as Lockheed Martin and L3Harris, and received a $50 million investment from Northrop Grumman earlier this year [2] - The company's financial performance shows a net loss widening from $52.8 million to $60.1 million year-over-year, while revenue surged from $8.3 million to $55.9 million, marking a sixfold increase [2] - The total value of unfulfilled orders stands at $1.1 billion [2] Industry Summary - The aerospace technology sector continues to attract significant capital, driven by high-profile companies like SpaceX and Blue Origin [1] - Several aerospace companies, including Voyager Technologies and Karman Holdings, have gone public this year, reflecting the growing interest in the industry [1]