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flag Firefly Aerospace faces a class action lawsuit for allegedly misleading investors about its Alpha rocket's reliability and availability after its August 2025 IPO.

flag A class action lawsuit has been filed against Firefly Aerospace Inc. over allegations that the company misled investors during and after its August 7, 2025 IPO by falsely claiming its Alpha rocket was flight-proven and commercially available despite four failed launches in six attempts. flag The suit, filed in Texas, alleges material misstatements in offering documents and false claims about demand and operational readiness, contributing to a 15.3% stock drop after the company reported wider losses and lower revenue in its first earnings release. flag Investors who bought stock between August 7 and September 29, 2025, may be eligible to seek compensation under federal securities laws.

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