David discussed Firefly Aerospace, a Texas-based company developing launch vehicles and spacecraft for lunar and Earth orbit missions. He noted that Firefly recently filed for an IPO to raise $100 million, primarily to pay down debt of $73.6 million and fund expansion. Despite losing $60 million in the first quarter and $231 million last year, Firefly has secured contracts and achieved a significant milestone by landing the first private lander on the Moon under NASA's CLPS program. The company is backed by major investment banks like Goldman Sachs and JP Morgan for its IPO, which could be approved this year or early next year, pending SEC review.
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