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News  ›  GlobeNewswire Inc.

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Firefly

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Faruqi & Faruqi, Llp
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Firefly

A securities law firm is investigating Firefly Aerospace for allegedly making false statements about its Spacecraft Solutions demand and Alpha rocket program viability. Following disappointing Q2 earnings (revenue down 26.2% YoY, Spacecraft Solutions down 49%) and a failed Alpha Flight 7 rocket test in late September 2025, the company's stock plummeted 36% in two weeks. Investors have until January 12, 2026 to seek lead plaintiff status in the class action lawsuit.

Insights
RIVN   neutral

Mentioned as a conference participant with no specific context about their performance or activities


FLY   negative

Company faces federal securities fraud allegations for misrepresenting demand and operational readiness. Q2 earnings significantly missed expectations with 26.2% revenue decline and 49% drop in key business segment. Two rocket launch failures (April and September 2025) raised viability concerns. Stock price fell 36% over two weeks following disclosures.