New space industry player Firefly is set to go public! In the Trump 2.0 era, which other space stocks are poised for takeoff?

As Global Commercial Space Race Heats Up, US Space Startups $Firefly Aerospace Inc.(FLY.US)$ Announcing IPO, the IPO price range is expected at $35 to US$39 per share on August 7.

According to the market, Firefly's listing is one of the most watched Aviation Technology IPOs in the US stock market in 2025.

Before“Terrong P2.0 will soon become, or will burn out, the Space Concept Shares”、Where to visit the Space AI Data Center? The Benefits of Different Space Concepts in the Era of Trunp 2.0It has been pointed out that in the Trump 2.0 era, there are significant opportunities in space.

Because Trump has always wanted to build a space army since his first term. Trump previously announced at the White House that he had selected a design plan for the $175 billion “Golden Dome” missile defense system and appointed U.S. Space Command Assistant Secretary Michael Gatlin to oversee the program.

So far this year, Amaspace Concepts shares are strong, with satellite communications company AST SpaceMobile up nearly 150% year-on-year, Astronics Enterprise Kratos Defense & Security Solutions, Astronics, Satellite communications provider Viasat up 94%, Rocket Lab, a small arrow company, and Blacksky, a satellite imaging company, are up 70%.

What is the Future of the Space Industry?

According to McKinsey, the size of the space economy is expected to reach $1.8 trillion by 2035 due to the development of space technologies such as communications, positioning, navigation and timing, and Earth observation services. And because of increased data acquisition opportunities and lower costs of space entry, the space economy could reach a maximum of $2.3 trillion.

According to BryceTech's 2025 report, there are nearly 2,800 satellite launches in 2024, compared to just five years ago, with the demand for dispatching services growing by more than 500% compared to just five years ago.

Outside, on June 8, Starcloud, a US start-up, announced plans to send a fridge-sized satellite into space this August. The satellite will carry an NVIDIA H100 chip, a satellite with the world's first equipment technology, with other computing power reaching 100 million of the existing International Space Station and other satellites, signaling a massive flight of space computing power.

Huaxin Securities believes that with the widespread application of AI, the computing infrastructure that underpins its global footprint, and its accelerated expansion is a must. Space will be a new option for future deployments, whether at home or abroad.

Firefly is now available! Space Concept One Look

When Firefly Aerospace launches now, the concept of the Future Space Market is expected to take a new spin. Futubull looks at Space Concept shares on the US stock market and provides investor references:

Because most investors will $Firefly Aerospace Inc.(FLY.US)$ 、 $Rocket Lab(RKLB.US)$ . Space X compares the three companies, and this article will focus on these three companies.

• Firefly Aerospace

Firefly Aerospace is the first privately held company in American history to deliver a stable airplane to the moon. On March 2, 2025, Firefly's self-developed Blue Ghost spacecraft successfully landed on the moon, the first time a commercial company has successfully landed on the moon.

According to Firefly's prospectus, Firefly is committed to building a full-stack ecosystem of “small - medium rocket+lunar freighting+on-track trailer” to compete against SpaceX's high-thrust rockets, Star Chain advantages form a competitive edge.

Firefly's core competitive strength lies in its unique technology integration and rapid response design philosophy. The company will position itself as the preferred partner for the applied space mission, and the company is known as a commercial company that can send satellites to the rails in about 24 hours notice.

From the point of view of the equipment business, the company is focused on the Fire Emitting and Aerial Solutions Business.

1. Rocket launch

The company currently operates two Block Orders products: Alpha and Eclipse.

Alpha, the company's current model of Block Orders, is a disposable arrow, and the first is a US 1000 kg rail arrow that has been successfully launched four times. This type of flaming arrow delivers 500 kg to 2,000 kg of payload into the market space of the Low Earth Rail (LEO).

These successful launches include rapid-response space missions, a significant differentiating advantage of Firefly and a critical defense solution.

Eclipse, a reusable and scalable version of Alpha, is currently in final development in collaboration with Noslopgruman. It is expected that 16,000kg of payload will be sent into the low-Earth orbit and into the Mid-Earth, Earthmoving, High-Earth Circular, and Earth-moving orbits. This type of arrow is classified as a National Security Class (L).

2. Astronaut solutions

Firefly has two core products — Blue Ghost and Elytra.

Blue Ghost Moon Launcher: The Blue Ghost is a fully-fledged commercial lunar lander, the first US drone to successfully complete a lunar surface mission, after NASA's Apollo 17 of 1972. This platform is not only a one-time delivery of the East-West Lunar Globe, but also provides standardized lunar landing services for NASA and other Institutions, a leader in the entire commercial aviation sector in the United States.

Elytra Spacecraft: Elytra is a high-altitude motorised rail service aircraft equipped with high-performance fire engine technology for on-rail service, satellite maintenance and rail transport.

The Elytra program is divided into three versions, namely the Elytra Dawn (the smallest model for near-Earth track operation, Elytra Dusk (used to transfer from nearby earth tracks to the Earth parallel track), and the Elytra Dark (the most powerful, suitable for long-term missions to Earth lunar space and farther distances). This platform opens up this Emerging Markets for Space Logistics and Rail Services for Firefly.

For NASA and the Pentagon, Firefly's core base is not “technologically advanced,” but in its ability to control the entire process: self-exploration rockets, autonomous spacecraft, dedicated test sites, and assembly lines. This highly vertically integrated system significantly shortens delivery cycles and reduces project risk. Compared to suppliers who rely on outsourced assemblages, Firefly builds the firewall of trust has dimensional differences.

However, in terms of results, Firefly is an unprofitable, cash-strapped commercial aerospace company.

Total company revenue for the full year 2024 increased from USD 55.2 million in 2023 to USD 60.8 million in 2024, increased by 10% to the three months of March 31, 2025, and total revenue increased from USD 8.3 million in the same year to USD 55.9 million, an increase of 572%. The total loss of the company in 2024 was 0.23 billion US dollars. As of 30 June 2025, the company's free cash flow amounted to US$96.5 million, with only US$0.205 billion in cash available on accounts.

As of the end of the first quarter of 2025, Firefly's total order totals more than $1.1 billion, the vast majority of which came from NASA and the U.S. military.

• Rocket Lab

The recent “Little Rocket” —Rocket Lab's share price has caught the eye of many investors, after surging more than 360% last year and rising more than 75% this year.

Rocket Lab is a mini-version of SpaceX, which in the past focused on small arrow launches, taking the lead in the small satellite launch market. Competing with SpaceX, it is currently No. 2 in a commercial airline.

Rocket Lab is an integrated space technology company providing end-to-end solutions. Some people call it the scourge of the space economy. Because the company recognized the key to launching the space, the satellite platform manufacturing technology for the launch of space (transmission and track capabilities) and the construction of the space foundation. In the future, other strategies will extend to space operations to provide high-value Satellite Data Services.

Rocket Lab Key Block 3 Business: Arrow Launch Business, Satellite Platform Business, Satellite Zodiac Business.

1、Fire Arrow Broadcasting Business

The Fire Arrow Business is a steady source of revenue for the company and is the cornerstone of the company's trust. Other major products are Electron, Haste, and Neutron, which are currently under development.

The Electron rocket is a small track-borne rocket that is Rocket Lab's first major product to market. Since its first launch in 2018, its Electron rocket has become the second highest launch frequency in the United States, more importantly for its ultra-high historical success rate of more than 92%. All 10 launches in 2025 were all successful.

Notably, Rocket Lab is on its way to another important mile—the first launch of the medium-duty rocket Neutron. If successful, the company will be a really strong market competitor in terms of cost effectiveness compared to SpaceX's Falcon 9. The first flight is scheduled for the end of 2025 in Wallops Island, Virginia. This is also the focus of investors this year, and if the launch of Neutron is successful, it will be the most important factor in the upward breakthrough of RKLB's share price this year.

2. Satellite Platform Business

Rocket Lab's Satellite Platform Business accounts for 70% of total revenue. In the first quarter of 2025, the Satellite Platform Business reached US$87 million, a year-on-year growth of 45%, compared to 60% of the total volume of orders of US$1.07 billion, surpassing the distribution sector, becoming the main source of non-revenue.

Rocket Lab has an internal supply chain that can produce Satellite components, increasing its autonomy by reducing reliance on third-party suppliers (companies in the multi-digital aerospace industry can only produce small scale model products).

The company, under NASA's Photon Satellite Platform, has operated lunar and planetary missions (such as CAPSTONE), and developed a customized stargazing service.

3. Satellite Zodiac Business

Rocket Lab is considering the acquisition of Mynaric AG, a company specializing in laser communications terminals for aerospace, space and mobile applications.

According to the BASM Substack data, laser communications have become a pain point for stargazing operators, and optical communication equipment is often reduced in the number of traffic weeks. Rocket Lab is using its own mass production capabilities to solve this pain point with this acquisition.

Market analysis shows that Mynaric AG's business and Space X's Star Chain business are in the same race. Star Chain is building the Internet on nearby tracks, serving customers, and returning large amounts of data, which is the source of Space X's core cash flow.

The market recognizes that if this acquisition succeeds, it is expected that Rocket Lab will further strengthen the maturity capacity of Rocket Lab as a leading supplier, aerospace manufacturer and supplier of satellite parts. Rocket Lab may not be able to support this and other future acquisition opportunities through equity issuance.

• Space-X

SpaceX is a commercial aerospace company founded by Musk in June 2002. SpaceX's affiliated businesses include the Arrows Launch Business and Starchain Business. At the moment, the US stock market could only pass $Destiny Tech100(DXYZ.US)$ With the investment, the company's valuation is said to reach about $400 billion.

SpaceX's revenue growth was driven by two major business segments: Starlink Satellite Services and Starlink Satellite Internet Services. Ancillary loans can reuse technology and the technical problems of competitors are the main drivers of revenue growth due to the leading positions in the global launch market.

1. Launch service

SpaceX completed a record-breaking 134 Falcon rocket launches in 2024, becoming the world's most active launch operator. The company plans to complete up to 170 launch missions this year, and currently 62 launches have been completed.

The reusable characteristics of the Falcon 9 and the Falcon Heavy rocket significantly reduced launch costs, giving SpaceX a substantial share of the global launch market.

2, Star Chain Satellite Internet Service

Quilty Space estimates that the chain's revenue for the year will grow from $7.8 billion in 2024 to $12.3 billion. That means the Star Chain Business will be close to 80% of SpaceX's total revenue.

Not only did Star Chain build a growing government business from competing against Hannari, it created an ever-growing government business that attracted corporate customers like United Airlines and Deere. As of February of this year, Star Chain has more than 5 million customers worldwide, with more than one user base from 2023 to 2024. Musk indicated that the star chain will be more predictable in the current flow of money, but the timing of the instrument is not clear.

Notably, Musk previously revealed that SpaceX's revenue for fiscal year 2025 is projected to be $15.5 billion. At the same time, he expects SpaceX's revenue to exceed NASA's budget. The budget for next year is expected to be $18.8 billion.

Overall, the SpaceX, Firefly, and Rocket business paths are not exactly the same:

SpaceX is a vertically integrated eco-leader of the entire Industry Chain, not only to emit arrows, but a vertically integrated sports series that builds a river of starcraft.

Firefly is a master video mission contractor providing end-to-end applied space services so that the world can be deployed, deployed and running anywhere in space at any time. The main orders for Firefly come from the US government, such as NASA and the Five Corners.

Rocket Lab's model looks more like a drone, the company uses a small Rocket Electron to deliver microsatellite broadcast orders from commercial customers, with high frequency and short periods of time rolling cash flow.

In addition to the above three companies, the following companies are included in the space stock:

• Launch Service Providers

“SPACE TOURISM FIRST SHARE” $Virgin Galactic(SPCE.US)$ As the world's first publicly listed human commercial aerospace company offering suborbital flight services, the company has completed two flight test flights to the edge of space, and 603 people from 60 countries and territories have paid nearly $80 million in deposit for reserved seats.

• Spatial Infrastructure and Services

“Moon Infrastructure First Share”, U.S. Space Exploration $Intuitive Machines(LUNR.US)$ : As an emerging company in the field of lunar exploration, the company plans to launch its IM-2 mission to the Moon in late 2024 or early 2025. The company also recently announced that it has signed more contracts with NASA's Near-Space Network (NSN) program, which will enable the company to take full advantage of the maximum potential value of its near-space network program of up to $4.82 billion.

The Midstream Pillar of Space Infrastructure $Redwire(RDW.US)$ : This company is different from other aerospace companies, and Redwire's positioning is a real business, allowing the screws and bolts of the same space foundation to be visible. As a leader in space infrastructure facilities, Redwire's business ranges from aerospace manufacturing to advanced space exploration Robotics technology. Core technologies are important for upcoming space missions and commercialization beyond Earth.

In addition, commercial space companies are also included $Momentus(MNTS.US)$ , Space Infrastructure Leader $Sidus Space(SIDU.US)$ , Space and Defense Technology Company $Voyager Technologies(VOYG.US)$ 。

• Satellite Communications

United States Low Track Satellite First $AST SpaceMobile(ASTS.US)$ To build the Global Low Rail Satellite Internet, use the existing 4G/5G communication bands and standards, the mobile terminals do not need to change the direct connection, use the existing 4G/5G communication band standards and standards, and the mobile terminals do not need to change the satellite satellite functionality directly.

In addition, there are two major operators of High Track Satellite (GEO) broadband services in North America — $EchoStar(SATS.US)$ und $Viasat(VSAT.US)$ 。

Satellite Communications Service Providers $Iridium Communications(IRDM.US)$ Providing global voice and data services through 66 Satellites, the company is not looking to achieve steady growth through an expanded user base and government collaboration.

Low Track Satellite Communications Company of the United States $Globalstar(GSAT.US)$ One of the first companies to enter the field of terrestrial satellite communications and achieve commercial success, it has been an important member of the Industry since its inception two decades ago. Despite limited user development, profitability is not enough, and Operation pressure is high.

• Earth Observation and Imaging

$Planet Labs PBC(PL.US)$ It is a globally renowned company with over 13 years of history. The company has an important and interesting name: the image of the world is captured every day. The company is running the world's largest remote sensing satellite station, providing Change Monitoring and Geographic Information Stations to global government and commercial customers through the collection of global surface image data and advanced AI analysis technologies.

$BlackSky Technology(BKSY.US)$ It is a leading provider of real-time geospatial reporting services. The company operates a small High Resolution Remote Satellite Star Seat, based on which it provides high-frequency imaging, analysis and monitoring services for key target markers or regions. It is important to note that this company is $Palantir(PLTR.US)$ Establish strategic partner relationships and aggregate other images and data into Palantir's platform.

$Spire Global(SPIR.US)$ A GLOBAL PROVIDER OF SPACE DATA, ANALYTICS AND SERVICES, THE COMPANY WILL TODAY LAUNCH WEATHER FORECASTS POWERED BY ARTIFICIAL INTELLIGENCE IN PARTNERSHIP WITH NVIDIA. In other words, the ability to provide fast updated global forecasts and other features is unattainable in traditional quantitative weather forecasting models.

• Technology Instruments

$Teledyne Technologies(TDY.US)$ Specializing in advanced aerospace systems and solutions, such as Aircraft Electrical Appliances, National Defense Systems, and Satellite Technologies, while serving markets such as Factory Automation, Environmental Monitoring and Pharmaceutical Research.

• Space Battery

$KULR Technology(KULR.US)$ Battery technology company, a leading provider of leading edge energy storage solutions in space, aviation and homeland defense, is another customer of the United States National Aeronautics Agency (NASA).

• Aerospace and defense companies include $RTX Corp(RTX.US)$ 、 $Lockheed Martin(LMT.US)$ 、 $L3Harris Technologies(LHX.US)$ 、 $Northrop Grumman(NOC.US)$ 、 $Boeing(BA.US)$ 、 $AAR Corp(AIR.US)$ 、 $Kratos Defense & Security Solutions(KTOS.US)$ 、 $Howmet Aerospace(HWM.US)$ 。

• Aerospace parts manufacturers include $Heico(HEI.US)$ 、 $Astronics(ATRO.US)$ 。

However, it is important for investors to keep in mind that the growth in value increases over the years, despite the fact that the Space Business is still an engine for money.