Firefly Aerospace Inc. is trading 6.6% down today at $38.62 as investors continue to react to a 12-million-share equity offering and associated dilution concerns.
- The stock is extending a multi-day slide from late May highs, with sentiment weighed down by a perceived private-equity equity overhang.
- Current selling pressure persists despite generally positive analyst ratings and recent successes, including strong Q1 2026 revenue growth and new NASA/U.S. Air Force contracts.