Topline
Firefly Aerospace, a space technology firm whose Blue Ghost lunar lander touched down on the moon earlier this year, jumped more than 50% during its initial public offering on the Nasdaq Thursday, trading over $70 per share before settling closer to $62 later in the afternoon—making the Texas-based rocket developer the most recent successful IPO in a warming market.
Firefly raised $868 million and initially priced shares at $45 before its opening on Thursday.
Before opening, Firefly was valued at over $6 billion, Reuters reported.
In March, Firefly made history when its Blue Ghost lander touched down on the surface of the moon, becoming the first private company to successfully complete a lunar landing.
This is a breaking story and will be updated.