Firefly Aerospace Inc. Faces Securities Fraud Class Action; Stock Tumbles 13.7%

Firefly Aerospace Inc. (NASDAQ: FLY) announced that a securities class‑action lawsuit has been filed on behalf of investors. The lawsuit, reported by Levi & Korsinsky, LLP on December 27 2025, alleges that the company made misleading statements regarding the performance of its Alpha‑Rocket program and other disclosures that investors relied upon when purchasing shares.

  • Plaintiff: Levi & Korsinsky, LLP
  • Defendants: Firefly Aerospace Inc. and selected officers
  • Allegations: Misleading statements about the Alpha‑Rocket program, potential overstatement of revenues, and incomplete disclosure of risks.
  • Filing Date: 11 November 2025 (reported on 26 December 2025).
  • Current Status: The lawsuit is pending; the company has not issued a formal response yet.

Market Impact

  • Share Price Decline: On Friday, December 28, 2025, the stock fell 13.7%, dropping from a recent high of $23.34 to $19.85.
  • Volume: Trading volume spiked as investors reacted to the news.
  • Sector Trend: Space‑related stocks pulled back from a year‑end rally, contributing to the decline.
  • Analyst Sentiment: Analysts remain divided, with price targets ranging up to $27 but many cautioning on valuation amid legal uncertainty.

Company Background

  • Sector: Industrials
  • Primary Exchange: Nasdaq
  • Market Cap: $4.31 billion (USD)
  • Price‑Earnings Ratio: –1.65 (negative, indicating losses)
  • 52‑Week Range: $16.00 – $73.80
  • Recent Close: $23.34 (as of 25 December 2025)

Investor Guidance

Several law firms, including Bronstein, Gewirtz & Grossman LLC and Kessler Topaz Meltzer & Check, LLP, have urged investors to consider joining the class action. Contact details are available through the firms’ websites and public filings.

Outlook

The legal proceedings are expected to unfold over the coming months. Until a court decision or settlement is reached, the company’s stock is likely to remain volatile, reflecting both the uncertainty over the lawsuit outcome and broader market sentiment toward the space industry.