Fresh off its $10B IPO, Firefly Aerospace is exploring Alpha rocket launches from Japan's Hokkaido spaceport under a new feasibility study with Space Cotan. The move could make Japan Firefly's first Asian launch base, expanding access to regional satellite firms. A US-Japan safeguards pact is required.Despite past Alpha failures, FLY stock is up 5.2% from its IPO. Retail mood is bearish.