Firefly and SSC Space Achieve Key Milestones for European Launch Capability
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2026
0mins
Source: Newsfilter
- Infrastructure Completion: Firefly Aerospace and SSC Space have completed critical infrastructure at the Esrange Space Center, including the launch control center and payload processing facilities, laying the groundwork for the first launch targeted for 2028, marking significant progress in the company's expansion strategy in the European market.
- Regulatory Framework Established: The Memorandum of Cooperation signed between the Swedish National Space Agency and the FAA streamlines the launch licensing process, enabling Firefly's Alpha rocket to launch from Sweden, enhancing Europe's competitiveness and strategic autonomy in the commercial space sector.
- Defense Cooperation Agreement: SSC Space has signed a SEK 209 million agreement with the Swedish Defense Materiel Administration, allowing the Swedish Armed Forces to launch satellites into orbit using the Alpha rocket, further strengthening Sweden's defense capabilities and autonomous launch capacity.
- Transatlantic Collaboration: Firefly's CEO emphasized that the partnership with SSC Space not only strengthens transatlantic ties but also provides European customers with dedicated orbital launch capabilities, advancing the implementation of a global launch expansion strategy.
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Analyst Views on FLY
Wall Street analysts forecast FLY stock price to rise
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 25.660
Low
27.00
Averages
34.83
High
65.00
Current: 25.660
Low
27.00
Averages
34.83
High
65.00
About FLY
Firefly Aerospace Inc. is a space and defense technology company. The Company provides comprehensive mission solutions to national security, government, and commercial customers. It has designed, developed, and deployed its vehicles and dynamic spacecraft solutions to support critical customer missions across the space domain. It has a differentiated and scalable platform of Launch and Spacecraft Solutions with flight heritage. Within Launch, it has two offerings built on common technologies: Alpha and Eclipse. Alpha is a United States-based orbital rocket in the 1,000 kilograms class to successfully reach orbit, with four launches completed. Eclipse, a reusable and scaled up version of Alpha. Its Spacecraft Solutions include Blue Ghost lander (Blue Ghost) and Elytra offerings, highlight the heritage of common technologies from its launch vehicles. Blue Ghost Lander and Elytra are highly maneuverable spacecraft enabled by high-performance rocket engine technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Customer Concentration Risk: Firefly Aerospace relies heavily on its top five customers for over 86% of its revenue, indicating that any contract cancellations could significantly impact its financial health, underscoring the importance of a diversified customer base.
- Future Outlook: Analysts project Firefly Aerospace to reach $1 billion in annual revenue by fiscal 2028, and while it faces short-term challenges, its rapid growth potential continues to attract investor interest.
See More
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