Firefly Aerospace soared in its public market debut Thursday, beginning trading at $70, over 55% higher than its IPO price. The Cedar Park-based company secured a $9.8 billion valuation.

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.

Shares for Central Texas-based Firefly Aerospace began trading on the Nasdaq market Thursday. The company, which landed a spacecraft on the moon in March, celebrated by igniting a rocket engine north of Austin as its chief executive rang the opening bell in New York City.