Faruqi & Faruqi Investigates Firefly Aerospace Claims: Investors Urged to Act
Faruqi & Faruqi, LLP, a prominent national securities law firm, is launching an investigation into potential claims against Firefly Aerospace Inc. (NASDAQ: FLY). The firm is particularly focused on investors who may have suffered losses during the company's initial public offering (IPO) and subsequent trading period.
Invitation to Affected Investors
Investors who purchased or acquired Firefly common stock linked to the IPO, which took place on August 7, 2025, or those who traded shares between August 7 and September 29, 2025, are encouraged to reach out to James (Josh) Wilson, a partner at Faruqi & Faruqi. Interested investors can contact him directly at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss their legal rights and options.
The deadline to seek the role of lead plaintiff in the federal class action lawsuit against Firefly is set for January 12, 2026.
Allegations Against Firefly Aerospace
The investigation is based on allegations that Firefly and its executives violated federal securities laws. Key points include:
- The company overstated demand and growth prospects for its Spacecraft Solutions offerings.
- Claims of inflated operational readiness and commercial viability of the Alpha rocket program were allegedly made.
- These misrepresentations have had, and will likely continue to have, a material negative impact on the company.
- The offering documents and public statements made during the class period were materially misleading and failed to disclose critical information.
Recent Financial Performance of Firefly
Firefly's IPO saw the sale of 19.296 million shares priced at $45.00 per share. However, the company faced significant challenges shortly after going public. For instance, on September 22, 2025, Firefly reported a loss of $80.3 million, or $5.78 per share, compared to a loss of $58.7 million or $4.60 per share during the same period in 2024.
Furthermore, Firefly's reported revenue of $15.55 million fell short of analyst expectations of $17.25 million and marked a 26.2% year-over-year decline. The revenue from its Spacecraft Solutions segment plunged to $9.2 million, representing an alarming 49% decrease.
Impact on Share Value and Future Outlook
The negative financial results triggered a sharp decline in Firefly's stock price, which fell by $7.58 (about 15.31%) to close at $41.94 per share on September 23, 2025. A week later, on September 29, 2025, the company disclosed operational failure with its Alpha Flight 7 rocket, further exacerbating concerns about its technology and commercial viability.
Following this announcement, Firefly's stock price dropped again by $7.66, or 20.73%, closing at $29.30 per share on September 30, 2025, raising significant red flags among investors.
Call to Action for Investors
Faruqi & Faruqi encourages anyone impacted by these developments or having information regarding Firefly Aerospace's conduct to get in touch. This includes potential whistleblowers, former employees, shareholders, and others with pertinent information.
For more details regarding the class action lawsuit against Firefly Aerospace, visit www.faruqilaw.com/FLY or contact Josh Wilson directly. Follow the law firm for ongoing updates on LinkedIn, X, and Facebook.