Firefly Aerospace Inc. is trading 6.2% up at $41.80 in pre-market, continuing a strong rebound that saw the stock gain 17.8% on June 11.
- The rally is fueled by a recently announced $75 million NASA JPL MoonFall subcontract to deliver drones to the Moon's south pole. [1, 2]
- Bullish sentiment is also being driven by a broader space-sector rally as investors look for "sympathy plays" ahead of the highly anticipated SpaceX IPO. [1, 4]
- On June 2, Firefly subsidiary SciTec was also awarded a $5.5 million U.S. Air Force contract option for data fusion capabilities. [6, 9]