---
title: "Firefly Stock Is Falling After The Close: Here's Why"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287680599.md"
description: "Firefly Aerospace shares fell 4.10% in after-hours trading following the announcement of a proposed public offering of 12 million shares. The offering includes 4 million shares from the company and 8 million from selling stockholders, with proceeds aimed at supporting business growth. This comes after Firefly secured a $75 million NASA contract to deliver drones to the Moon's south pole."
datetime: "2026-05-26T20:42:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287680599.md)
  - [en](https://longbridge.com/en/news/287680599.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287680599.md)
generator: "portal-rs"
---

# Firefly Stock Is Falling After The Close: Here's Why

**Firefly Aerospace Inc** (NASDAQ:FLY) shares are moving lower in extended trading Tuesday after the company announced a proposed public offering.

-   **Firefly Aerospace stock is trading at elevated levels. What should traders watch with FLY?**

## **Firefly Launches Proposed Common Stock Offering**

After closing the day up 18.81%, Firefly announced that it commenced a public offering of 12 million shares. Firefly will offer 4 million shares and selling stockholders will offer 8 million shares in the proposed offering.

The selling stockholders plan to grant the underwriters a 30-day window to purchase up to an additional 1.8 million shares at the public offering price.

Firefly plans to use the net proceeds from the offering to support the growth of its core business and recently awarded programs and initiatives. The company will not receive any proceeds from the sale of shares by selling stockholders. 

The offering comes after Firefly was awarded a $75 million contract from NASA’s Jet Propulsion Laboratory on Tuesday to deliver four drones to the Moon’s south pole. 

Firefly had approximately $326.18 million of total cash and cash equivalents as of March 31. 

## **FLY Shares Slip After The Close**

**FLY Price Action:** Firefly shares were down 4.10% in after-hours, trading at $56.40 at the time of publication on Tuesday, per Benzinga Pro.

 **Read Also: Space Stocks Are Flying Ahead Of NASA Moon Base Event, SpaceX IPO** 

*Image: Shutterstock.com*

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## Related News & Research

- [Firefly Aerospace director Richard F Ambrose files initial beneficial ownership statement](https://longbridge.com/en/news/301187211.md)
- [Firefly unit SciTec expands US Air Force CBC2 contract by $1.5 million to add counter-UAS data feeds](https://longbridge.com/en/news/301277212.md)
- [Firefly Aerospace names Rick Ambrose to board, adds him to audit and compensation committees](https://longbridge.com/en/news/301072169.md)
- [Firefly Aerospace signs Starcloud payload deal for lunar-orbit computing demo](https://longbridge.com/en/news/300569269.md)
- [Firefly Stock Jumps on Deal to Test AI Computing in Lunar Orbit](https://longbridge.com/en/news/300614636.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**