Firefly Aerospace raises $75 million to change into an area unicorn
The corporate prepares its first Alpha rocket for launch at Vandenberg Air Drive Base in California.
Firefly Aerospace raised $75 million in non-public capital, the Texas-based area firm introduced on Tuesday, because it prepares for the inaugural launch of its Alpha rocket.
“This provides us runway to have a number of profitable Alpha [rocket] launches, efficiently execute numerous the primary milestones for the Blue Ghost [lunar] lander program,” Firefly co-founder and CEO Tom Markusic advised CNBC.
The corporate’s newest financing was led by DADA Holdings, a personal funding agency that largely holds positions in metals and mining corporations. The spherical was joined by a number of different buyers, together with Astera Institute, which could have Jed McCaleb be part of as a consultant on Firefly’s board of administrators. McCaleb is most well known for his roles in the cryptocurrency landscape.
Markusic declined to specify what Firefly’s valuation is after this increase, solely noting that it is “simply over a…