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Why Firefly Aerospace Stock Sank 27% Last Month
The Motley Fool· 2025-12-05 15:00
The recent IPO has sold off aggressively after its market debut.Shares of Firefly Aerospace (FLY +0.49%) fell 27% in November, according to data from S&P Global Market Intelligence. A spaceflight disruptor that went public back in August, Firefly is growing quickly but getting pulled down by general post-IPO (initial public offering) selling dynamics as well as the market falling out of favor with fast-growing unprofitable companies.Here's why Firefly Aerospace stock fell 27% last month, and is now down 66. ...