Alpha Rocket

Firefly Aerospace (FLY) shares plummeted after an Alpha Flight 7 rocket test explosion. The incident raises concerns despite the company’s safety assurances. The setback impacts Firefly’s launch schedule, though no other facilities were affected. Firefly, which went public last month after raising $868 million, is competing with industry giants for NASA contracts and aims for flexible launch solutions. Despite previous success with a lunar lander and key partnerships, the incident underscores the industry’s inherent risks and the importance of flawless execution.