Firefly Aerospace has raised $75 million in a round of Series A financing led by DADA Holdings and $100 million through a secondary transaction that includes the sale of holdings owned by its major investor Noosphere Ventures, TechCrunch reported Tuesday.
Astera Institute, Canon Ball and other investors participated in the Series A round, which gives Firefly a valuation of more than $1 billion.
The financing comes as Firefly prepares for a maiden flight of its Alpha rocket in June. In February, the Texas-based launch services startup received a contract from General Atomics to launch a satellite carrying NASA’s Multi-Angle Imager for Aerosols instrument.
NASA also awarded Firefly a task order under the Commercial Lunar Payload Services program to deliver technology demonstrations and science investigations to the moon’s surface using its Blue Ghost lunar lander.
Firefly said it plans to raise another $300 million in funds later this year.