In a market where some IPOs have been crash-landing, AIROAIRO

managed a picture-perfect takeoff. After delaying its April debut, the drone maker has soared 140% since its Friday launch. Trailing CircleCRCL

and VoyagerVOYG

— which we covered in detail — this is the month’s third multibagger IPO, and the timing couldn’t be better.

• After initially surging by 291% on Friday, the Albuquerque-based firm settled at a valuation of ~$622M — triggering several volatility halts on its explosive first day of trading.
• In 2024,AIRO
  generated a $38.7M loss with $87M in revenue — deriving $75M in sales from EU, NATO, and Ukraine-deployed drones as it targets US DoD certification within six months.

Perfect timing: AIRO’s debut came days after Trump signed executive orders accelerating domestic drone production, while geopolitical tensions from Iran-Israel conflicts drive aerospace investment appetite — also enjoyed by Planet LabsPL

. Otherwise, going public unlocks $200M in Canadian government financing and credibility for government contract bidding. However, with shares rapidly swinging between $12.90 and $39.07, investors must be ready for one chaotic ride.