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Firefly Aerospace Sees 36.8% Jump

November 9, 2026

2 min read

Key Takeaways

Firefly Aerospace shares surged 36.8% in one trading session.
The company announced a $1.3 billion agreement with AST SpaceMobile.
Firefly will supply 36 rocket engines for AST's Blacklift rocket.
Quarterly loss expected to be $0.49 per share, down 48.5% year-over-year.

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Strategic Implications

Firefly Aerospace's recent jump may indicate growing confidence in its space technology and defense capabilities. The $1.3 billion agreement with AST SpaceMobile suggests a significant new revenue stream, which could strengthen Firefly's competitive position in the aerospace industry.

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What Happened

Can Recent Surge Turn Into Long-Term Strength For Space Tech Company

Firefly Aerospace shares experienced a significant surge, jumping 36.8% in a single trading session, following the announcement of a major strategic agreement with AST SpaceMobile worth over $1.3 billion. This deal is expected to create a substantial new revenue stream for Firefly beyond its existing launch services business. The company is anticipated to post a quarterly loss of $0.49 per share, representing a year-over-year change of -48.5%. Firefly Aerospace is a member of the Zacks Aerospace - Defense industry, and its recent move may be worth watching for signs of long-term strength. This article originally published on Zacks Investment Research.

Source | Originally Published: November 9, 2026

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