Firefly Aerospace secured a valuation of $9.84 billion after its shares surged 55.6% in their Nasdaq debut on Thursday, as investors continue to pour capital into companies aiding expansion of the U.S.

Firefly Aerospace soared in its public market debut Thursday, beginning trading at $70, over 55% higher than its IPO price. The Cedar Park-based company secured a $9.8 billion valuation.

WhiteFiber priced its IPO at $17, the high end of its range, and raised the size of its stock sale. But the stock ended the day down more than 4.5%. The healthy debut for Firefly