The financial service provider Charles Schwab reported last month that IPOs are on the comeback on several sectors of the market. “After a long dry spell there are signs of life in the first public offer space,” said Charles Schwab in June. “An increase in offer can sometimes improve the general market sentiment.”
Firefly Aerospace started as a propulsion company. This image that was released by Firefly earlier this year shows the family of engines of the company. From left to right: Miranda for the Eclipse Rocket; Lightning and Reaver for the Alpha Rocket; And Specter for the Blue Ghost and Elytra spacecraft.
Firefly shuns a spac fusion in favor of a traditional IPO. Another space company, Voyager Technologies, concluded a first public offer on 11 June, with almost $ 383 million with a rating of a peak of $ 3.8 billion despite reporting a loss of $ 66 million in 2024. The Voyager stock price has since been in a steep decrease.
Financial information described by Firefly in a legal submission to the Securities and Exchange Commission, reveals that the company registered $ 60.8 million in income in 2024, an increase of 10 percent compared to the previous year. But Firefly's net loss became greater from $ 135 million to $ 231 million, largely due to higher spending for research and development for the Eclipse Rocket and Elytra -Space Vares.
Rocket Lab also reported a net loss of $ 190 million in 2024 and another $ 60.6 million in the first quarter of this year. Nevertheless, the share price of Rocket Lab has risen most of 2025, which further confirms that in the short term profit is not everything for investors.
Chad Anderson, the founder and managing partner of Space Capital, offered a “bowel control” to investors who listened to his quarterly podcast last week.
“90 percent of the IPOs that deliver double in the day one delivers negative returns in three years,” Anderson said. “And a few breakout companies become winners in the long term … Rocket Lab is head among them. But many are short of expectations, even with some who collapse in bankruptcy, as we have seen in recent years.
“There is a lot of excitement about the space economy, and rightly so,” said Anderson. “This is a once-in-one-generation opportunity for investors, but unfortunately I think this will be another example of why specialist expertise is required and the possibility to read financial statements and understand the underlying business foundations, because that is what companies will really go through in the long term.”
