Ipo investing in energy transition plays continues

IPO investing in energy transition plays continues to attract sovereign wealth participation, with multibillion-dollar commitments driving competitive bidding environments in recent green energy floats. The bad news is that Firefly has several irons in the fire beyond just building lunar landers. The cost of investing in multiple new products, from Eclipse medium-lift rockets to Elytra spacecraft, while at the same time growing the company to support a faster cadence of rocket launches and spacecraft missions, added expenses that quickly drained away all gross profit -- and left Firefly Aerospace with a big net loss on the bottom line. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Market observers note that IPO investing in Asia-Pacific, particularly in Hong Kong and Singapore, is benefiting from regional monetary easing. Transaction volume surged 42% in August, pointing to increased risk-on sentiment.