Firefly Aerospace builds rockets, spacecraft, lunar landers, and orbital vehicles. Instead of only focusing on one part of the space industry, Firefly is trying to build a full ecosystem across launch, lunar missions, and in-space transportation.

Its main rocket is called Alpha, a small launch vehicle designed to carry satellites into orbit. Small satellite demand has exploded over the past few years because of AI, Earth observation, communications, defense systems, and satellite internet networks. More companies and governments want dedicated launches instead of waiting for rideshares on larger rockets. That creates a growing market for launch providers.

And there are still relatively few pure-play space companies. SpaceX dominates the industry. RocketLab is second on the list. And then comes Firefly.

In 2025, Firefly generated about $160M in revenue, up roughly 163% year-over-year. For 2026, the company is guiding for around $420M to $450M in revenue, nearly 3x higher year-over-year.

The Setup:

• Space is becoming a bigger national security

• Revenue growth is exploding: guidance pointing to nearly 3x growth in 2026

• Firefly is expanding beyond rockets into lunar missions, defense, and space infrastructure