Launch vehicle developer Firefly Aerospace has raised $75 million in a new funding round as the company, now under new ownership, prepares for a second launch of its Alpha rocket this spring.
AE Industrial Partners is buying the part of Firefly Aerospace currently owned by Noosphere Venture Partners, which previously announced it was being forced by the federal government to sell its stake in the launch vehicle developer.
Firefly Aerospace is pausing preparations for its next Alpha launch, originally scheduled for early 2022, after the government asked its largest shareholder to divest its stake for national security reasons.
Firefly Aerospace has hired a former U.S. Air Force officer to lead a rebranded subsidiary responsible for sales of its launch vehicles and other capabilities to government and commercial customers.
Firefly Aerospace said Sept. 5 its first Alpha rocket failed when one of its first-stage engines shut down seconds after liftoff.
Firefly Aerospace is ready for the first orbital launch attempt of its Alpha rocket on a flight that is as much about collecting vehicle data as it is about reaching orbit.
Firefly Aerospace is ready to make its first orbital launch attempt next week as the company balances a transition to operations with plans to develop new rockets and spacecraft.
Firefly Aerospace has hired a former SpaceX and Blue Origin engineer as its new chief operating officer to guide the company’s shift from development to production, although exactly when the company’s first launch will take place remains unclear.
The FAA has started to use a new tool intended to better integrate commercial launches and reentries into the National Airspace System, reducing the disruptions those events have on aviation.
Firefly Aerospace, nearing the first launch of its Alpha rocket, announced May 4 it raised $75 million in a Series A round that values the company at more than $1 billion.
Noosphere Ventures aims to build an integrated space powerhouse: Q&A with managing partner Max Polyakov
Max Polyakov is on a mission to build out a vertically integrated space business with Noosphere Ventures Partners, his Silicon Valley-based investment vehicle. He tells SpaceNews how COVID-19 has affected these plans, and how a surge in public companies is changing the business environment.
General Atomics selected Firefly Aerospace to launch a small Earth science satellite for NASA on an Alpha rocket in 2022.
A NASA small launch vehicle competition attracted bids from 10 companies, but half of them were effectively disqualified because of deficiencies or other problems.
Executives with several major small launch vehicle companies say both the economic repercussions of the pandemic and the growing interest by the U.S. government in such vehicles could reshape the industry.