Firefly Aerospace (FLY) remains in focus on Monday morning after its blockbuster initial public offering (IPO) that raised about $868 million last week. Firefly priced its IPO at an upwardly revised $45 a share,

After several big IPOs including Figma last week, the IPO market stayed hot with Firefly Aerospace, which is now approaching a $10 billion valuation out of the gate. I would categorize space as one of the hot sectors, along with artificial intelligence, crypto, and quantum computing, that investors can't seem to get enough of.

Texas-based Firefly Aerospace, whose Blue Ghost vehicle successfully landed on the moon, will make its market debut on Thursday.