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 officially began trading on the Nasdaq on Thursday, looking to raise $868.32 million in its initial public offering.

(Reuters) -Firefly Aerospace shares were indicated to open nearly 53% above their initial public offering price on Thursday, as investors continue to pour capital into firms aiding expansion of the U.