Firefly Aerospace Faces Setback After Rocket Explosion

26 days ago

Carol Masser

"Shares of Firefly Aerospace are falling today, in particular after there was an explosion when they were testing one of their rockets. And so, of course, that mishap is really sort of delaying a lot of the expectations that they had in regards to some of the planned launches. This marks the second mishap that we've experienced here with Firefly Aerospace. They had Flight 6 that was lost just back in April."

Firefly Aerospace (FLY) is under significant pressure after a rocket explosion during testing, marking its second operational mishap. This incident is expected to delay upcoming launches and has driven the stock to record lows, reflecting heightened investor concerns.

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