Firefly raises $175 million in new private investment capital
The rocket startup Firefly has now raised another $175 million of private investment capital, during a new round of funding, on top of another $300 million raised previously.
Firefly Aerospace has raised $175 million in a round led by a new investor to support production of launch vehicles and spacecraft with an increased focus on responsive space capabilities.
The company announced Nov. 12 it raised what it described as an oversubscribed Series D round led by RPM Ventures. Several other existing and new ventures also participated in the round, which values Firefly at more than $2 billion.
That valuation is an increase from the $1.5 billion the company reported in November 2023 when it closed the final tranche of a Series C round. The company did not disclose the size of that earlier round but said then it had raised about $300 million since February 2023.
It appears RPM likes how the company has focused on providing the military launch services, which can also be profitable for private satellite customers. This money will be used to help increase the production of Firefly’s Alpha rocket.
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The rocket startup Firefly has now raised another $175 million of private investment capital, during a new round of funding, on top of another $300 million raised previously.
Firefly Aerospace has raised $175 million in a round led by a new investor to support production of launch vehicles and spacecraft with an increased focus on responsive space capabilities.
The company announced Nov. 12 it raised what it described as an oversubscribed Series D round led by RPM Ventures. Several other existing and new ventures also participated in the round, which values Firefly at more than $2 billion.
That valuation is an increase from the $1.5 billion the company reported in November 2023 when it closed the final tranche of a Series C round. The company did not disclose the size of that earlier round but said then it had raised about $300 million since February 2023.
It appears RPM likes how the company has focused on providing the military launch services, which can also be profitable for private satellite customers. This money will be used to help increase the production of Firefly’s Alpha rocket.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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