Aerospace & Defense IPOs

Performance analysis and trends for 10 IPOs in the aerospace & defense sector.

Total IPOs

10

Avg Return

+18.3%

Success Rate

40.0%

4 of 10 positive

Total Market Cap

$29.6B

Recent IPOs (2024+)

CompanyDateIPO PriceCurrentReturnMarket Cap
BETA
BETA Technologies, Inc.
11/4/2025$34.00$15.55-54.3%$3.4B
FLY
Firefly Aerospace Inc.
8/7/2025$45.00$34.22-24.0%$5.5B
VOYG
Voyager Technologies, Inc.
6/11/2025$31.00$26.62-14.1%$1.4B
KRMN
Karman Holdings Inc.
2/13/2025$22.00$70.30+219.6%$9.3B
SARO
StandardAero, Inc.
10/2/2024$24.00$24.62+2.6%$8.2B
SPAI
Safe Pro Group Inc.
8/28/2024$5.00$4.25-15.0%$88.8M

Best Performers

CompanyReturnIPO Date
KRMN
Karman Holdings Inc.
+219.6%2/13/2025
CDRE
Cadre Holdings, Inc.
+128.5%11/4/2021
MOB
Mobilicom Limited
+61.5%8/25/2022
SARO
StandardAero, Inc.
+2.6%10/2/2024
VOYG
Voyager Technologies, Inc.
-14.1%6/11/2025

Worst Performers

CompanyReturnIPO Date
PRZO
ParaZero Technologies Ltd.
-83.0%7/27/2023
BETA
BETA Technologies, Inc.
-54.3%11/4/2025
SIDU
Sidus Space, Inc.
-38.4%12/14/2021
FLY
Firefly Aerospace Inc.
-24.0%8/7/2025
SPAI
Safe Pro Group Inc.
-15.0%8/28/2024

Activity by Year

2025
4 IPOs
+31.8%
2024
2 IPOs
-6.2%
2023
1 IPOs
-83.0%
2022
1 IPOs
+61.5%
2021
2 IPOs
+45.1%

All Aerospace & Defense IPOs

CompanyDateIPO PriceCurrentReturnExchange
BETA
BETA Technologies, Inc.
11/4/2025$34.00$15.55-54.3%NYSE
FLY
Firefly Aerospace Inc.
8/7/2025$45.00$34.22-24.0%NASDAQ
VOYG
Voyager Technologies, Inc.
6/11/2025$31.00$26.62-14.1%NYSE
KRMN
Karman Holdings Inc.
2/13/2025$22.00$70.30+219.6%NYSE
SARO
StandardAero, Inc.
10/2/2024$24.00$24.62+2.6%NYSE
SPAI
Safe Pro Group Inc.
8/28/2024$5.00$4.25-15.0%NASDAQ
PRZO
ParaZero Technologies Ltd.
7/27/2023$4.00$0.68-83.0%NASDAQ
MOB
Mobilicom Limited
8/25/2022$4.13$6.67+61.5%NASDAQ
SIDU
Sidus Space, Inc.
12/14/2021$5.00$3.08-38.4%NASDAQ
CDRE
Cadre Holdings, Inc.
11/4/2021$13.00$29.71+128.5%NYSE