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Cedar Park-based Firefly Aerospace announced Monday that it has priced its initial public offering and is hoping to raise at least $557 million.

Firefly Aerospace unveiled terms of a planned initial public offering that could give the space and defense technology company a market capitalization topping $5.5 billion.

Firefly Aerospace (FLY) launches IPO, pricing shares at $35-$39. Discover its growth, expanding contracts, and plans for lunar missions.

Firefly Aerospace, a Texas-based space tech company, is hoping to list its stock on the Nasdaq in a highly anticipated IPO.