After nearly three years of a dryspell in new listings, a resurgence in high-risk sectors such as space, crypto and fintech — fueled by blockbuster entries such as Firefly and Circle — is expected to prompt startups that held back during market turbulence to launch public offerings.

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.

After several big IPOs including Figma last week, the IPO market stayed hot with Firefly Aerospace, which is now approaching a $10 billion valuation out of the gate. I would categorize space as one of the hot sectors, along with artificial intelligence, crypto, and quantum computing, that investors can't seem to get enough of.