Archived explainer. For the current picture see today's FLY page.
Why Is FIREFLY AEROSPACE IN (FLY) Stock Up Today?
By the Top Tier Newswire AI Desk · November 6, 2026 at 2:44 PM ET · reviewed against 16 wire stories
FIREFLY AEROSPACE IN (FLY) is up +34.89% in the latest session. Our newswire has captured 16 stories on FLY across 10 sources in the last 36 hours, with AI sentiment reading bullish (avg 68/100).
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Firefly Aerospace shares surged 34.89% to close at $20.47 on Friday. The primary driver was a $1.3 billion agreement with AST SpaceMobile to supply rocket engines for the latter’s new Blacklift vehicle. This significant contract marked a major milestone for the company’s commercial launch capabilities.
What Happened
Firefly Aerospace announced a three-year agreement to provide more than 36 Miranda rocket engines to AST SpaceMobile. The engines will power the Blacklift, a 20-ton reusable rocket designed to deploy BlueBird satellites into low Earth orbit. AST SpaceMobile targets launches from late 2028 under this partnership. Jefferies reiterated its rating on the stock following the announcement. The deal represents a substantial revenue commitment for Firefly, which has been expanding its role in the small launch market.
What The Data Shows
The stock opened at $15.83, a 4.3% gap up from the prior close of $15.18. Trading volume reached 8.5 million shares, which is 2.7 times the three-month daily average. The session high was $20.48 at 2:40 PM ET, while the session low was $15.70 at 7:00 AM ET. Firefly has a market capitalization of $2.9 billion and remains unprofitable with a trailing twelve-month EPS of negative $2.60. Revenue grew 179.2% over the trailing twelve months, though the net margin stands at negative 129.1%. The 52-week range is $14.45 to $62.17. Over the last eight sessions, the stock had declined 23.7% from $19.90 to $15.18 before this sharp reversal.
What To Watch
Investors will monitor the execution timeline for the Blacklift rocket, with launches targeted for late 2028. The market will also observe how the stock stabilizes after this significant intraday move and whether the high trading volume persists in subsequent sessions.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
AST SpaceMobile to Develop Blacklift Rocket Using Firefly Aerospace Engines in $1.3 Billion Agreement
AST SpaceMobile plans to develop its reusable Blacklift rocket using Firefly Aerospace engines under $1.3 billion in agreements, targeting launches from late 2028.
Jefferies reiterates Firefly Aerospace stock rating on SpaceMobile deal
Jefferies reiterates Firefly Aerospace stock rating on SpaceMobile deal
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