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Firefly Aerospace readies for a big year in orbit with $175M D round
Firefly Aerospace has raised a massive late-stage funding round ahead as it prepares for the launch of its lunar lander later this year and the first
The $175 million Series D, which set Firefly’s valuation at over $2 billion, apparently closed in less than two months in a show of faith in the company’s new CEO — aerospace executive Jason Kim, who was installed in the position on October 1. Firefly also plans to use some of the new capital to move to full rate production of its Alpha rocket and to accelerate development of the Medium Launch Vehicle it’s co-developing with Northrop Grumman. The company set a new record with the third Alpha mission in September 2023; called Victus Nox, the mission demonstrated rapid launch capabilities, with Firefly launching the Alpha rocket just 27 hours after receiving the green light from the U.S. Space Force.
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