(Reuters) -Firefly Aerospace shares were indicated to open nearly 53% above their initial public offering price on Thursday, as investors continue to pour capital into firms aiding expansion of the U.

Space startup Firefly Aerospace (FLY) increased the proposed range for its initial public offering. Firefly (FLY) plans to offer shares at $41 to $43, up from an earlier range of $35 to $39, according to an S-1A filing.

Firefly Aerospace Inc. has increased the price range for shares in its planned initial public offering, aiming to raise as much as $696.6 million and pushing the company’s valuation to $6.04 billion.