Why Firefly Aerospace Stock Just Crashed
Yahoo Finance·2025-11-07 01:06
Key Points Firefly announced plans to purchase SciTec for $855 million a month ago. Last night, Firefly closed the acquisition. 10 stocks we like better than Firefly Aerospace › Firefly Aerospace (NASDAQ: FLY), the recent space stock IPO and one of only a handful of entities ever to have successfully landed on the moon, saw its stock price crumble Thursday, down 12.5% through 11:20 a.m. ET. The craziest thing of all: It happened in response to positive news. Image source: Getty Images. Firefly ge ...