Is Firefly Aerospace for Sale?
The news lit up space investors like a fireworks show: Firefly Aerospace is for sale. And the sales price -- $1.5 billion -- implied the company's valuation has actually shifted into reverse!
I admit that as a longtime follower of this space stock, this report by Bloomberg last week caught me by surprise.
Last summer if you recall, I had the opportunity to interview Firefly CEO Bill Weber to discuss his company's history, its upcoming space missions and -- most tantalizing for an investor -- the potential that Firefly Aerospace might hold an initial public offering. Weber didn't give a definitive answer on the IPO question, but neither did he rule out the possibility. He most certainly did not hint that Firefly was planning to sell itself outright...or at a discount!
Source Fool.com
