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Why Firefly Aerospace Stock Soared by Almost 10% Today
The Motley Fool· 2025-12-10 23:17
Core Insights - Firefly Aerospace's stock saw a significant increase of 9.46% following the announcement of a new collaboration for a Moon mission [1][5] - The company has entered into a commercial payload agreement with Volta Space Technologies, which involves hosting a wireless power receiver on its Blue Ghost Mission 2 lander [2][4] Company Developments - The Blue Ghost Mission 2 is designed to land on the far side of the Moon and will carry six payloads, including a NASA radio telescope and a satellite from the European Space Agency [4] - This collaboration represents a trial run for Volta's technology aimed at providing electricity for its LightGrid power network on the Moon [4][6] - Firefly's CEO, Jason Kim, emphasized that the mission will enable critical technology demonstrations for future operations on the Moon [6] Market Performance - Firefly Aerospace's current market capitalization stands at $3 billion, with a stock price of $21.30 after the recent increase [5] - The stock's trading range for the day was between $18.99 and $21.88, while the 52-week range has been from $16.00 to $73.80 [5]