Firefly Aerospace

Firefly Aerospace will acquire SciTec for $855M, comprising $300M cash and $555M in shares. SciTec’s revenue for the trailing twelve months ending June 30, 2025, was $164M, and the company was awarded a $259M Space Force contract in 2025. The acquisition expands Firefly’s capabilities in software, data analytics, and national security solutions, with an expected closing by year-end 2025, pending regulatory approvals. SciTec will operate as a subsidiary of Firefly.

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.