Firefly raises $75 million in investment capital
Capitalism in space: Firefly announced today that it has raised an $75 million in investment capital, with plans for a future fund-raising round aimed at bringing in another $300 million following the inaugural launch of its Alpha rocket.
The launch itself has been delayed several times, from December and March. It now appears they are targeting mid-June.
The company claims the delays were caused by two factors, the failure of a subcontractor to deliver on time the flight termination system, and the company taking longer than expected to prepare its launchpad at Vandenberg.
On a positive note, the company received its FCC launch license a few weeks ago, which had been held up due to security concerns over the company’s former main investor, Ukrainian billionaire Max Polykov. It appears that when Polykov sold off much of his stock so that he no longer controls the company, this eliminated the security concerns.
Readers!
Please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar below. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Your support is even more essential to me because I keep this site free from advertisements and do not participate in corrupt social media companies like Google, Twitter, and Facebook. I depend wholly on the direct support of my readers.
You can provide that support to Behind The Black with a contribution via Patreon or PayPal. To use Patreon, go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation. For PayPal click one of the following buttons:
If Patreon or Paypal don't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
Capitalism in space: Firefly announced today that it has raised an $75 million in investment capital, with plans for a future fund-raising round aimed at bringing in another $300 million following the inaugural launch of its Alpha rocket.
The launch itself has been delayed several times, from December and March. It now appears they are targeting mid-June.
The company claims the delays were caused by two factors, the failure of a subcontractor to deliver on time the flight termination system, and the company taking longer than expected to prepare its launchpad at Vandenberg.
On a positive note, the company received its FCC launch license a few weeks ago, which had been held up due to security concerns over the company’s former main investor, Ukrainian billionaire Max Polykov. It appears that when Polykov sold off much of his stock so that he no longer controls the company, this eliminated the security concerns.
Please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar below. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Your support is even more essential to me because I keep this site free from advertisements and do not participate in corrupt social media companies like Google, Twitter, and Facebook. I depend wholly on the direct support of my readers.
You can provide that support to Behind The Black with a contribution via Patreon or PayPal. To use Patreon, go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation. For PayPal click one of the following buttons:
If Patreon or Paypal don't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
Lets send Liberals to Mars