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Firefly Aerospace (NASDAQ: FLY) stock rose approximately 6.24% to around $20.60 following the company's successful launch of its Alpha rocket from Vandenberg Space Force Base, executing the "Path to Stage 7" mission. The successful deployment of Lockheed Martin's payload marks the company's recovery from a launch pad explosion five months ago and validates key upgrades to the Block II rocket. Despite the stock trading approximately 54% below its IPO price, analysts remain optimistic with a consensus price target of $38.29.