CNBC host clashes with Liz Warren over Mamdani, raising taxes in fiery exchange
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Firefly Aerospace to price US IPO as it sets sights on a positive liftoff
By Pritam Biswas and Arasu Kannagi Basil (Reuters) -Northrop Grumman-backed Firefly Aerospace, the buzzy space technology startup that put a lander on the moon, is set to price its U.S. IPO later on Wednesday. In a nascent but rapidly growing commercial space industry, Firefly's IPO has attracted investor attention because it successfully landed its uncrewed Blue Ghost spacecraft on the moon in its first attempt in March. Cedar Park, Texas-based Firefly Aerospace is set to sell 16.2 million shares of its stock, priced between $41 and $43 apiece. This range was raised earlier this week, signaling strong demand. U.S. President Donald Trump's focus on commercializing space technology and safeguarding the national interests in space has attracted venture capital firms and billionaires. Elon Musk's SpaceX — the most valuable private company in the world — has become a critical part of the U.S. satellite network, even prompting a need across the government to look for more contractors. The U.S. government is betting that diversifying its contractor base will foster innovation and cut the huge costs of sending rockets to space, as well as reduce over-reliance on a single provider for critical missions. NASA's procurement process now includes new entrants such as Firefly Aerospace and Sierra Space, alongside legacy companies, leveraging commercial partnerships for lunar landers, space station modules and cargo deliveries. While space-related IPOs have been scarce in recent years, the tide is starting to turn in 2025. Firefly's listing comes on the heels of the successful New York flotations of space and defense firms Karman, AIRO Group and Voyager. As of Tuesday's close, shares of Karman have more than doubled from their offer price, while Voyager has gained 10%. "Given Firefly and the success of Voyager, I think you are going to see several more space-related companies test the waters of a public offering," said Ross Carmel, partner at law firm Sichenzia Ross Ference Carmel. TO THE MOON Formed in 2017, Firefly designs and manufactures small- to medium-lift launch vehicles, lunar landers and orbital vehicles. It had a backlog of roughly $1.1 billion and over 30 planned launches under contract as of March 31. While Houston-based Intuitive Machines' Odysseus lander was the first private lander to reach the moon last year, it made a lopsided touchdown, landing mostly intact but dooming many of its onboard instruments. Firefly's was the second, but its Blue Ghost spacecraft landed safely, reaching the moon's surface a month and a half after launching atop a SpaceX rocket from NASA's Kennedy Space Center in Florida. Last month, Firefly secured a $176.7 million contract to deliver five NASA payloads to the Moon's South Pole in 2029. Firefly was valued at more than $2 billion in a 2024 funding round. The company's backers include aerospace-focused private investment firm AE Industrial Partners. U.S. defense contractor Northrop Grumman, which invested $50 million into Firefly to aid the production of their jointly developed rocket, is one of three suppliers of solid rocket motors (SRMs) to the United States. Firefly is expected to begin trading on the Nasdaq under the ticker symbol "FLY" on Thursday.
Yahoo
22 minutes ago
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Novo Nordisk Ramps Up U.S. Legal Fight Over Wegovy, Ozempic Copies
Novo Nordisk (NOVO, Financials) expanded its U.S. legal campaign against makers of unapproved versions of semaglutide the active ingredient in its blockbuster weight?loss and diabetes drugs Wegovy and Ozempic. The Danish drugmaker said Tuesday it filed 14 new lawsuits; the targets include telehealth providers, compounding pharmacies, and medical spas accused of selling compounded semaglutide under the fake guise of personalization. Warning! GuruFocus has detected 1 Warning Sign with NVO. The suits name firms such as Prism Aesthetics, Mochi Health, and Fella Health; some have also appeared in Eli Lilly's (LLY, Financials) litigation over knockoff versions of its weight?loss drug Zepbound. Novo claims the defendants are steering patients toward compounded semaglutide that has not been approved by regulators; in some cases, the products allegedly contain illicit foreign?sourced active pharmaceutical ingredients. Compounders were temporarily allowed to produce semaglutide during a declared shortage; when the U.S. Food and Drug Administration ended that allowance, some companies shifted to offering personalized versions outside the approved drug label. Novo argues the approach violates state laws on corporate practice of medicine; it also raises safety concerns, as the copies have not been proven effective. Industry groups pushed back; Scott Brunner, CEO of the Alliance for Pharmacy Compounding, said Novo's claims misrepresent the work of legitimate, state?licensed pharmacies. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22 minutes ago
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"Forgive Me Nebraska, I Wasn't Familiar With Yalls Game": Over 2 Million People Have Watched This Video Of A Republican Lawmaker Being Passionately Booed And Heckled At A Town Hall
Republican lawmaker Mike Flood was recently booed and heckled at a town hall in Nebraska, and the video is GLORIOUS. Over 2 million people have watched this TikTok that began with Mike asking, "Do you think people who are 28 years old, that can work and refuse to work, should get free healthcare?" As the crowd screamed a resounding "YESSSS," Mike looked like he was thinking, "Oh no." Related: The face of someone who did not receive the answer they expected: "I don't think that a majority of Nebraskans agree with you," he finally said. When he asked for the next slide of the presentation, people began chanting, "Tax the rich!" Related: Visibly frustrated, Mike tried again: "If you choose not to work. You. Do. Not. Get. Free. Healthcare." But the crowd wasn't having it and screamed, "BOOOOOO!" Mike continued, "Money does not fall out of the sky. It does not grow on trees. It comes from all of you. I wish there was a world we could live in where everything came from the government, and it was free. But that will never, ever, ever happen." Notably, he did not offer the obvious solution of, IDK, making the ultra-wealthy pay their fair share??? Throughout the town hall, people also shouted things like "vote him out!" and "liar!" The only time in the video that Mike received applause was when he supported the release of the Epstein files. Naturally, folks in the comments had a lot to say. This person pointed out, "even if you work healthcare isn't free!!!!" Related: Many people said what we're all thinking: "Healthcare should be a basic human right." "i love that you can hear the whole crowd say 'YES' it restored my faith in American society." "'Should people in the richest society in history have access to life saving care' isn't the gotcha he thinks it is." "Forgive me Nebraska, I wasn't familiar with yalls game DAMN." Related: "*the majority screams yes* 'the majority doesn't agree with you.'" And finally, "'it comes from all of you' SIR YOU FORGOT TO TAX THE BILLIONAIRES." What do you think about all this? LMK in the comments below! Also in In the News: Also in In the News: Also in In the News: Solve the daily Crossword
