Wall Street Breakfast Firefly Aerospace aims to raise $600M via IPO
Jul 28, 2025
Firefly Aerospace is making headlines with plans to raise $600 million through an IPO, positioning itself in the competitive launch vehicle market. Meanwhile, Nike receives a boost from JP Morgan, while Cisco feels the sting of a downgrade. The stock market reacts to a new U.S.-EU trade deal, showing mixed signals. Luckin Coffee's smooth U.S. expansion contrasts sharply with other brands. Interestingly, experts suggest that AI might play a crucial role in tackling the U.S. debt crisis.
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Firefly Aerospace IPO Overview
- Firefly Aerospace plans to raise about $600 million through an IPO at $35-$39 per share.
- The company is valued at $2 billion and will trade on NASDAQ under the ticker FLY.
Nike and Cisco Stock Analyst Updates
- JP Morgan upgraded Nike, expecting revenue growth acceleration in late 2026 and 2027.
- Evercore downgraded Cisco, citing solid cloud AI traction but limited upside potential priced in.
Market Reaction to US-EU Trade Deal
- EU's $750 billion LNG purchase deal sparked rallies in liquefied natural gas stocks.
- The U.S.-EU trade deal reduced uncertainty, signaling markets to focus on fundamentals and other positive catalysts.