In today’s post:
🚀 $1.5B Backlog. $20 Stock.
🚀 $1.5B Backlog. $20 Stock.
Firefly Aerospace $FLY ( ▲ 5.08% ) slid back to support around $20. The market seems wholly unimpressed, like we’ve seen this movie before.
Same quarter, the order book doubled and hit a record $1.5 billion.
So which is right? Is a $4 billion space company trading at 4x its 2028 revenue target genuinely mispriced, or cheap for a very good reason?
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