Space technology company Firefly Aerospace (FLY) returned to flight on March 11 after a setback, which led to a 12.8% intraday rise in the company’s stock on March 12. FLY’s stock is red-hot right now, gaining 23.58% over the past month.
The company’s Alpha Flight 7 Stairway to Seven mission lifted off from Firefly’s Space Launch Complex 2 at the Vandenberg Space Force Base, completed an orbital insertion, and delivered a demonstrator payload for Lockheed Martin (LMT). The company was successful after a pre-launch explosion five months ago that destroyed a previous Alpha booster and temporarily grounded the program.
