What Happened
Rocket Demand Outstrips Supply Amid Record Order Backlog
Firefly Aerospace reported better-than-expected third-quarter financial results, with revenue surging 259% year over year to $110.7 million, driven by expanding launch, lunar, and spacecraft operations. The company also raised the lower end of its full-year revenue forecast and announced a record $1.7 billion order backlog. According to Benzinga, Firefly Aerospace’s CEO Jason Kim stated that demand for Alpha launches has reached record levels, outpacing the company’s near-term rocket supply.