Firefly Aerospace has successfully raised $175 million in a Series D funding round, led by RPM Ventures. This latest round values the company at over $2 billion, a significant increase from the $1.5 billion valuation reported in November 2023.
Firefly Aerospace has recently raised $175 million in a Series D funding round, led by RPM Ventures. This funding round has valued the company at over $2 billion, marking a substantial increase from its previous valuation of $1.5 billion in November 2023.
The funding secured by Firefly Aerospace will be utilized to ramp up production of the Alpha launch vehicle and expand the market reach of the Elytra spacecraft. Additionally, it will facilitate the hardware qualification process for new vehicles, enabling the company to enhance its capabilities in the space industry.
Firefly Aerospace has secured significant launch contracts with industry giants such as Lockheed Martin, L3Harris, and NASA. However, the company has faced challenges in terms of actual launch activity, with only one Alpha launch conducted in 2023.
Under the leadership of Jason Kim, the newly appointed CEO, Firefly Aerospace aims to further enhance its capabilities in responsive space missions. The company is also preparing for the inaugural flight of its Blue Ghost lunar lander, positioning itself as a key player in the space industry.