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. Astera Institute, Canon Ball and other investors participated in the Series A round, which gives Firefly a valuation of more than $1 billion.More
General Atomics' electromagnetic systems business has selected Firefly Aerospace to perform launch services for a GA-EMS satellite carrying an instrument that NASA will use to study how aerosols in the atmosphere affect human health. Firefly will use its Alpha rocket to launch the Orbital Test Bed satellite, equipped with the Multi-Angle Imager for Aerosols instrument, in 2022 from Vandenberg Air Force Base, General Atomics said Thursday.More
Firefly Aerospace has appointed Deborah Lee James and Robert Cardillo, who are both Wash100 Award recipients, to its board of directors, joining Firefly CEO Tom Markusic. The board will be led by James, who will serve as chairman. “We are thrilled to have Debbie and Robert join the Firefly Board of Directors,“ said Markusic.More
Firefly Aerospace plans to raise $350 million in funds to ramp up production, advance long-term growth initiatives and further develop a larger launch vehicle, SpaceNews reported Wednesday. Tom Markusic, CEO of Firefly Aerospace, said the company would use $125 million of the funds to support “product enhancements“ such as tooling and facilities to scale up the production of its launch vehicles.More
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