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Why Firefly Aerospace Stock Is Down Today

TheMotleyFool

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Why Firefly Aerospace Stock Is Down Today

Newly public Firefly Aerospace (NASDAQ: FLY) experienced a setback in a test of its Alpha rocket, its second failure in recent months.

Investors are concerned about what the failures will do to Firefly's timeline for commercial service, causing Firefly shares to trade down 22% as of 9:50 Eastern.

Image source: Getty Images.

Source Fool.com

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