Firefly Aerospace (FLY) stock gained over 10% on Wednesday after the company revealed a new commercial agreement with Volta Space Technologies. Under this deal, Firefly will carry Volta Space’s LightPort wireless power receiver on its Blue Ghost Mission 2 lander, set to travel to the far side of the Moon.
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The agreement to test wireless power tech on the Moon points to Firefly’s new capabilities and revenue streams. Also, the mission will validate Volta’s LightPort design, showing how lunar rovers, landers, and habitats could tap into a centralized power grid.
It is worth noting that Blue Ghost Mission 2 now includes six payloads from five countries, featuring contributions from NASA, ESA, the UAE, and Fleet Space Technologies. Firefly will also debut a new Ocula lunar imaging service to help map landing sites and study minerals.
Overall, investors see this as a major credibility boost for Firefly, which has faced volatility since its IPO earlier this year. The deal highlights Firefly’s ability to attract commercial and government partners, positioning it as a key player in the emerging lunar economy.
What Is the Projection for FLY Stock?
Turning to Wall Street, FLY stock has a Moderate Buy consensus rating based on four Buys and two Holds assigned in the last three months. At $34.83, the average Firefly price target implies a 64.21% upside potential.
