Market Chatter: Firefly Aerospace Set to Secure $110 Million US EXIM Loan for Texas Expansion

MT Newswires Live

06/23

Firefly Aerospace (FLY) is expected to receive a $110 million loan from the US Export-Import Bank to support expansion of the rocket and spacecraft maker's manufacturing facilities in Texas, Reuters reported Tuesday, citing a document it reviewed.

The financing, pending a board vote, is part of the agency's broader effort to strengthen US competitiveness in space, AI, and advanced technologies amid rising global competition, including from China's growing space sector, the report said.

The loan would support expansion expected to create 200 jobs and includes a 10-year repayment structure, the report cited people familiar with the matter as saying.

Firefly did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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