Firefly Aerospace falls to lowest after rocket test mishap

Firefly Aerospace

30/09/2025 15:04

Updates

** Shares of space launch vehicle designer and manufacturer Firefly Aerospace FLY.O fall 23.8% to $28.15 - a new post IPO low - after its rocket booster was destroyed in a testing mishap

** Co says the booster for its Alpha rocket was destroyed during a ground test, weeks before the rocket was due for a  flight mission

** FLY says all personnel involved in the test are safe

** The incident is another interruption to FLY's business just weeks after it closed an investigation into the failure of its Alpha rocket, which put a satellite owned by Lockheed Martin LMT.N in a shallow orbit in late April, implying a mission failure

** Including session's move FLY shares down more than 37% from IPO price of $45; co secured a valuation of $9.84 bln following stock surge in early August market debut

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com;))