Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified.
Firefly Aerospace signage during the company's initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Shares in Firefly Aerospace will start trading on Thursday in New York, marking the next evolution for a company that survived bankruptcy and turmoil to develop its own fleet of rockets and successfully land a private spacecraft on the moon.
Applied Aerospace & Defense Inc., a space and defense engineering firm, raised $650 million in an initial public offering, pricing the shares near the top of a marketed range.
A weeks-long rally in space-related stocks came to an abrupt halt on Friday, with the explosion of a Blue Origin rocket serving as a glaring reminder of the risks that come with the potential riches investors hope to reap from the blossoming industry.
A Blue Origin New Glenn rocket at the Cape Canaveral Space Force station in Cape Canaveral, Florida on April 18.
Shares of drone makers and suppliers rallied Thursday after a report said the Trump administration is exploring potential funding deals with a group of companies to increase domestic production and lower costs.
Gas engine manufacturer Innio Holding GmbH’s biggest shareholders raised $2.43 billion in an upsized initial public offering that priced at the top of the range.
Applied Aerospace & Defense Inc. fell 5% on its first day of trading, after the space and defense engineering firm raised $650 million in an initial public offering priced near the top of a marketed range.
Applied Aerospace & Defense Inc. signage during the company's IPO at the New York Stock Exchange on June 3.
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