Firefly Aerospace lifts IPO range that would value company at more than $6 billion

Sergio Flores | ReutersFirefly Aerospace has lifted the price range for its upcoming initial public offering in a move that would value the space nology company at more than $6 billion.The lunar lander and rocket maker said in a filing Monday that it expects to price s in its upcoming IPO between $41 and $43 apiece.Firefly's new target range would raise nearly $697 million at the top end of the range

That's up from the previously expected $35 to $39 price per that Firefly announced in a filing last week, which targeted a $5.5 billion valuation.Firefly announced plans to go public last month as interest in space nology gains steam, and billionaire-led companies such as Elon Musk's SpaceX rake in more funding.Read more CNBC newsNvidia's set to regain some China access

But it still faces eroding AI chip market Ethereum turns 10: From scrappy experiment to Wall Street's invisible backboneGoogle has dropped more than 50 DEI-related organizations from one of its funding listsAmazon stock sinks after earnings: Here are the key takeawaysThe industry has also begun testing the public after a long hiatus in IPO deal activity, with space firm Voyager debuting in June.Firefly makes rockets, space tugs and lunar landers, and is widely known for its satellite launching rockets known as Alpha.The company has partnered with major defense players such as Lockheed Martin, L3Harris and NASA, and received a $50 million investment from defense contractor Northrop Grumman.Firefly's revenues jumped from $8.3 million a year ago to $55.9 million at the end of March, the company said