Firefly Aerospace shares dropped more than 12% in post-market trading on Monday after the booster stage of its Alpha rocket exploded during a pre-flight test in Texas.

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Firefly Aerospace reported Q2 GAAP EPS of -$5.78 and revenue of $15.54M, missing estimates by $1.71M.

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Firefly Aerospace made a spectacular Nasdaq debut Thursday, hitting $73.85 in its first hour and pushing its market cap above $10B at its peak.

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