Firefly Aerospace Secures $144M NASA Lunar Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2026
0mins
Firefly Aerospace announced a $144M NASA Commercial Lunar Payload Services contract to deliver a rapid mission to the Moon with Firefly's Blue Ghost lunar lander. This marks the company's sixth contracted lunar mission to date. Targeted to launch in 2028, Firefly will design, build, test, and deliver the mission in approximately two years, half the time of the Blue Ghost Mission 1, by utilizing its Blue Ghost lander design and operations. For this mission, Blue Ghost will return to the Moon's near side, similar to where Mission 1 landed, and deliver three NASA science instruments, including the Laser Retroreflector Array to enable precision laser ranging, the Linear Energy Transfer Spectrometer to measure the radiation environment, and the Stereo Cameras for Lunar Plume Surface Studies to further study plume-surface interactions during touchdown.
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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: 28.000
Low
27.00
Averages
34.83
High
65.00
Current: 28.000
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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- Innovation Lab Launch: This contract represents the first achievement from Firefly's newly established Gloworks innovation lab, demonstrating the company's commitment to developing disruptive space technologies without disrupting existing production lines.
- Clear Technical Advantage: Firefly will leverage its deep expertise in large composite structure manufacturing to rapidly produce high-strength, lightweight aeroshells for SkyFall, ensuring compliance with the harsh environmental requirements of the Mars mission.
- Future Exploration Potential: The SkyFall mission will pave the way for future American astronaut exploration on Mars, with Firefly's technological innovations and production capabilities significantly reducing costs and timelines for upcoming lunar and Martian missions, thereby promoting sustainable space exploration.
See More
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See More
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See More
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- Surging Market Demand: As satellite demand reaches new heights, Firefly Aerospace and Rocket Lab USA are developing in distinct niches, with Firefly focusing on rapid launch cycles and lunar services, while Rocket Lab aims to build a vertically integrated empire in satellite manufacturing and global communications.
- Financial Performance Comparison: Firefly Aerospace reported $159.9 million in revenue for FY 2025, a significant increase of approximately 135%, yet it faced a net loss of $334 million, highlighting the financial pressures accompanying its rapid growth.
- Acquisition Strategy Impact: Rocket Lab USA's announcement of an $8 billion acquisition of Iridium Communications is expected to provide substantial advantages in satellite operations and proprietary L-Band spectrum, although it also introduces integration risks and strains on management resources.
- Future Outlook: Analysts project that Firefly Aerospace will achieve $1 billion in annual revenue by FY 2028, while Rocket Lab is expected to generate $1.8 billion in revenue in 2026, indicating the growth potential of both companies in the rapidly expanding space market.
See More
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- Acquisition Expansion Impact: Rocket Lab's $8 billion acquisition of Iridium Communications is expected to boost its revenue to $1.8 billion by 2026, although it faces integration risks, this move will enhance its competitiveness in the satellite communications sector.
- 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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- Contract Amount: NASA announced on Tuesday that it has awarded nearly $600 million in contracts to Astrobotic, Firefly Aerospace, and Intuitive Machines, reflecting the agency's trust and support for commercial space companies.
- Project Goals: The funding will be used to develop and deploy lunar landers aimed at advancing scientific exploration and technology testing on the Moon's surface, further solidifying the U.S.'s leadership in space exploration.
- Commercial Collaboration: By partnering with these companies, NASA not only leverages their innovative technologies but also encourages private sector participation in the aerospace industry, thereby accelerating the growth of the space economy.
- Future Outlook: The signing of these contracts marks a significant step for NASA in achieving its Artemis program objectives, which is expected to lay the groundwork for future lunar missions and human landings on Mars.
See More
