FLY - Firefly Aerospace

SpaceX supply chain pick, up 69% in a couple weeks. Recommends buying on pullbacks only.

Mentioned as a comp at $7.93B market cap to illustrate the valuation gap with Momentus. No explicit buy/sell recommendation, used purely for comparison.

Small satellite launch company with Alpha Rocket, developing Eclipse medium-lift vehicle. Selected for NASA lunar missions, has landed on the moon. Revenue accelerating, $300M cash buffer, R&D spending relative to revenue declining. US military needs rapid satellite deployment capability. Chart shows higher highs and higher lows with breakout momentum.

Firefly is described as one of the most fascinating and under-the-radar public space companies. It builds rockets and lunar landers, is the only commercial company besides SpaceX to soft-land on the moon, and is positioned in the two highest-growth subsegments: lunar services and responsive national security launch. The host says it will be rediscovered as the SpaceX IPO approaches.

Post-IPO base forming. Most IPOs follow pump-dump-run pattern. Needs to absorb hundreds of millions in supply before the real long-term run can begin. Too early currently but worth monitoring for the first post-IPO breakout.

Recent IPO that fell 75% from its IPO price, showing a rounded bottom formation and breakout pattern. Bought at $32.30 with an 11% stop loss. Ross believes the stock has absorbed supply and is beginning a strong run. The stock had a 12.3% breakout day on Friday before the market gap-down created a second chance entry.