The Firefly Aerospace Blue Ghost lander during the company's initial public offering at the Nasdaq MarketSite in New York on Aug. 7. Firefly Aerospace Inc. shares declined after second-quarter revenue came in short of Wall Street’s expectations, as the small-rocket launcher works to ramp up the frequency of its flights and win new contracts. Most Read from Bloomberg The Cedar Park, Texas-based company posted revenue of $15.5 million after the close of trading on Monday, compared with the roughly $16.1 mi ...

The spacecraft company is the latest IPO to hit the market with a bang.Shares of the spacecraft maker Firefly Aerospace (FLY 39.89%) blasted into orbit today following the company's initial public offering. Shares began trading this afternoon and immediately jumped to $70 per share after pricing at $45 in an initial public offering (IPO) that raised $868 million. As of 2:17 p.m. ET, shares traded up around 44% to $66 per share.The IPO market stays hotAfter several big IPOs including Figma last week, the IPO ...