Firefly Aerospace Signs Rocket Engine Deal Valued At More Than $1.3 Billion With Ast Spacemobile

What happened

Firefly Aerospace signed a rocket-engine deal with AST SpaceMobile valued at more than $1.3 billion. Firefly will deliver 27 Miranda engines and nine Vira engines, while AST will pay more than $1.30 billion in cash and Class A common stock.

Confirmed

Global impact / market context

The agreement gives Firefly a large contracted sale, with payment split between cash and shares. Engine deliveries could support Firefly’s revenue as they occur, while the stock portion means AST shareholders’ ownership may be diluted, depending on how many shares are issued.

Analyst inference

The deal links AST’s planned engine needs to Firefly’s ability to manufacture and deliver the specified engines. Its value alone does not establish when revenue or cash will arrive; delivery timing and the cash-versus-stock split will shape the financial effect on both companies.

Analyst inference

What to watch

1. Watch for disclosed delivery dates and progress on the 27 Miranda and nine Vira engines; delays could push back Firefly’s revenue and AST’s access to them. Analyst inference
2. Look for details on how much AST will pay in cash and how many Class A shares it will issue, since those terms affect cash needs and ownership. Analyst inference
3. Check later company updates for confirmation that the deal remains valued above $1.3 billion and whether either company reports changes to the agreement. Analyst inference

Evidence

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