Firefly Aerospace: NASA Major Contract Could Initiate a Comeback

Firefly Aerospace (FLY, i) is now my next long attempt in my speculative trading portfolio for several reasons. The company is well-positioned with the Alpha launch vehicle, Blue Ghost lunar landers, and the Elytra orbital transfer vehicle to benefit from NASA's accelerated Artemis lunar mission. In May, NASA contracts worth $75 million were secured to deliver four research drones to the Moon with Elytra. On June 30, there is a subsequent $144 million contract to deliver three scientific NASA instruments to the near side of the Moon by 2028. Notably,...