The Zhitong Finance App learned that the space and defense technology company Firefly Aerospace (FLY.US) released financial results for the third quarter of 2026 after the market on November 11, Beijing time. This “space upstart”, which only landed on the NASDAQ in August of this year, handed over a report card with a 259% year-on-year increase in revenue, and the backlog of orders also set a record of 1.7 billion US dollars; however, the company's cash consumption rate is also accelerating. After listing, the stock price has fallen from a high point to a low of close to 52 weeks, and the market's pricing for its “high growth and high cost” model is becoming more and more strict.

The Zhitong Finance App learned that the space and defense technology company Firefly Aerospace (FLY.US) released financial results for the third quarter of 2026 after the market on November 11, Beijing time. This “space upstart”, which only landed on the NASDAQ in August of this year, handed over a report card with a 259% year-on-year increase in revenue, and the backlog of orders also set a record of 1.7 billion US dollars; however, the company's cash consumption rate is also accelerating. After listing, the stock price has fallen from a high point to a low of nearly 52 weeks, and the market is increasingly strict about pricing its “high growth and high cost” model.