We advised the underwriters of the offering

Davis Polk advised the representatives of the several underwriters in connection with the $576 million follow-on offering of 12,000,000 shares of common stock of Firefly Aerospace Inc., consisting of 4,000,000 shares sold by the company and 8,000,000 shares sold by selling stockholders. The underwriters have a 30-day option to purchase up to an additional 1,800,000 shares of common stock from the selling stockholders. The common stock is listed on the Nasdaq Global Market under the ticker symbol “FLY.”

Firefly Aerospace is a space and defense technology company on a mission to reliably and repeatedly launch, land and operate space systems from Earth to the Moon and beyond. As the partner of choice for responsive space missions, Firefly is the first commercial company to launch a satellite to orbit with approximately 24-hour notice and the first to achieve a successful landing on the Moon. Established in 2017, Firefly’s engineering, manufacturing and test facilities are co-located in central Texas to enable rapid innovation and vertical integration for the company’s small- to medium-lift launch vehicles, lunar landers and orbital vehicles.

The Davis Polk capital markets team included partners Michael Kaplan and Stephen A. Byeff, counsel Steven Glendon and associate Jenna Pedranti. Partner Frank Azzopardi and associate Anne Kim provided intellectual property advice. Partner Patrick E. Sigmon and associates Omar Hersi and Afrika Nora Owes provided tax advice. Counsel Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

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