SpaceX has been moving at a breakneck pace, and rapid progress comes at a cost. Worker injury rates at its Starbase facility are almost 6x higher than the average, data reveals.
Firefly is heading into the initial public offering with $176.9 million in cash and cash equivalents. And while it has incurred negative cash flows and losses from operations, Firefly projected that its cash is adequate to meet its liquidity needs for at least 12 months.
The companyβs strategy is to raise money via a fundraising round and separately hold a tender offer to allow employees to sell some of their shares to a select group of investors.