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.

Firefly Aerospace officially began trading on the Nasdaq on Thursday, looking to raise $868.32 million in its initial public offering.

The market cap on Firefly Aerospace ( NASDAQ: FLY) shot to as high as $10 billion before settling back. The market cap was higher than the caps on stocks such as Wayfair ( W ), MGM Resorts ( MGM ), Campbell's Company ( CPB ), and NIO ( NIO ). The stock was swapping hands at $66.10 per share at the last check.