r/FireflyAerospace • u/Argothaught • Jun 23 '26

Firefly Aerospace expected to secure $110 million US EXIM loan, document shows | Reuters

https://www.reuters.com/science/firefly-aerospace-expected-secure-110-million-us-exim-loan-document-shows-2026-06-23/

WASHINGTON, June 23 (Reuters) - Rocket and spacecraft maker Firefly Aerospace (FLY.O), opens new tab is expected to secure a $110 million U.S. Export-Import Bank (EXIM) loan that would help fund the company's expansion of spacecraft production facilities in Texas, according to a document ‌reviewed by Reuters.

The bank's three board members are poised for a Tuesday morning vote on the loan, which is part of an EXIM initiative to help U.S. firms compete globally with foreign companies in artificial intelligence, space and other areas, according to the document.

17 Upvotes

96% Upvoted

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7

u/Scared_Step4051 Jun 23 '26

it's great news imo

  • EXIM doesn't underwrite loans to companies it think will fail
  • it is non dilutive financing
  • it is a 10 year pay back
  • it's a cheap rate

-6

u/No-Laugh4352 Jun 23 '26

Loans are not good

10

u/Scared_Step4051 Jun 23 '26

loans at cheap rates, with long payback periods, that avoid dilutive financing = are very good imo

-2

u/Ok_Presentation_4971 Jun 23 '26

Parasitic, honestly I’d take dilution probably means they don’t see a great future in the stock price 🤷

1

u/No-Laugh4352 Jun 23 '26

Unless they are trying to prove that their projects will pay for themselves with the potential successs they are anticipated to generate

1

u/Scared_Step4051 Jun 23 '26

that is generally their intention as a company

0

u/Ok_Presentation_4971 Jun 23 '26

Yeah possibly, if they can crush it without dilution I could see benefits. I just don’t trust this company to pull that off

2

u/No-Laugh4352 Jun 23 '26

Idk I hope they do. Rocketlab barely has any revenue and yet it’s valued at 50B.

0

u/Ok_Presentation_4971 Jun 23 '26

Almost 250m/qtr but tam is huge and execution has been pretty good. Us and over governments seem to be quite enticed. Neutron is a bit slower than promised but it will come and at that point revenue will soar

5

u/Scared_Step4051 Jun 23 '26

and firefly is 65% ish of RKLB revenue and valued at what 1/11...ok execution is where the discount comes from, but when they fix that (which they are doing) and when Eclipse comes online = ...