Shares of Firefly Aerospace Soar Following Its IPO Debut -- Should You Buy the Stock Now?

Shares of the spacecraft maker Firefly Aerospace (NASDAQ: FLY) blasted into orbit today following the company's initial public offering. Shares began trading this afternoon and immediately jumped to $70 per share after pricing at $45 in an initial public offering (IPO) that raised $868 million. As of 2:17 p.m. ET, shares traded up around 44% to $66 per share.After several big IPOs including Figma last week, the IPO market stayed hot with Firefly Aerospace, which is now approaching a $10 billion valuation out of the gate. I would categorize space as one of the hot sectors, along with artificial intelligence, crypto, and quantum computing, that investors can't seem to get enough of.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool