Firefly Aerospace has said it expects to price shares in its upcoming IPO $35 to $39 a piece, a deal that would value the rocket maker at about $5.5 billion.

In its IPO filings last month, Firefly reported $60.79 million in revenue for 2024, up from $55.24 million in 2023. The company appears on track to surpass those figures, reporting $55.86 million in revenue in the first quarter of 2025 alone.

Firefly Aerospace increased the expected price range for its upcoming initial public offering (IPO), now targeting $41 to $43 per share. The Details: The new range would give the space technology firm a valuation of over $6 billion, an increase from its earlier target of $5.5 billion with a $35 to $39 share price, according to CNBC.