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Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion

1. Firefly Aerospace plans IPO pricing between $35 and $39 per share. 2. The IPO could value the company at $5.5 billion, raising up to $631.8 million. 3. Firefly reported a revenue increase to $55.9 million amidst significant losses. 4. The company has major backing from firms like Northrop Grumman and Lockheed Martin. 5. A resurgence in IPOs reflects a rebounding market for space tech ventures.

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FAQ

Why Bullish?

The strong revenue growth and substantial backing signify potential investor confidence. Historical IPOs in the space sector have shown initial positive market reactions.

How important is it?

The article highlights Firefly's IPO, critical to investor decision-making and future stock performance.

Why Short Term?

The upcoming IPO is likely to cause immediate market interest and price adjustments. Similar IPOs typically show significant activity around their market entering.

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