Firefly lifts IPO range that would value company at over $6 billion

Firefly Aerospace has lifted the share price range for its upcoming initial public offering in a move that would value the space technology company at over $6 billion.

The lunar lander and rocket maker said in a filing Monday that it expects to price shares in its upcoming IPO between $41 and $43 apiece.

Firefly’s new target range would raise nearly $697 million at the top end of the range. That’s up from the previously expected $35 to $39 price per share that Firefly announced in a filing last week, which targeted a $5.5 billion valuation.

Firefly announced plans to go public last month as interest in space technology gains steam, and billionaire-led companies such as Elon Musk’s SpaceX rake in more funding.