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Firefly Aerospace (FLY) stock soared today as investors cheered the successful orbital delivery of the company’s “Stairway to Seven” mission. The launch deployed a demonstrator payload for Lockheed Martin (LMT), marking a resounding return to flight for the Alpha rocket after a five-month hiatus following a ground-test anomaly in late 2025.
Despite today’s rally, Firefly stock remains down about 28% versus its year-to-date high, suggesting there may still be room for further upside in this space firm.