Firefly shakes up board of directors
The smallsat rocket company Firefly, only a month or so from the first orbital test flight of its Alpha rocket, has drastically changed its board of directors, removing its main financial backer from the Ukraine and replacing him with Americans.
Among those no longer on the board is Firefly’s financial savior, Polyakov, who has dual Ukrainian-British citizenship and lives in Edinburgh. This is a substantial change, as it moves the company’s key financial backer from a role as a decision maker to that of a stockholder. Markusic said Polyakov has the rights of a stockholder but that Firefly’s board now directs the company. Polyakov remains Firefly’s largest shareholder.
“These changes are part of the logical growth and development of Firefly,” Polyakov told Ars. “I’m extremely proud of what we have accomplished to date. Moving forward, I have the utmost confidence in Tom, his team, and the new board members.”
Some concerns had previously been raised about Polyakov’s background. This move, however, is more due to having an all-American board of directors, which should bolster Firefly’s efforts to work with the defense community.
Essentially, the company and Polykov have moved Polykov out of a sensitive position so as to make the company seem more palatable to the federal government. His presence on the board would have likely made it difficult to win any government contracts. Making him in name just a stockholder will reduce that issue.
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The smallsat rocket company Firefly, only a month or so from the first orbital test flight of its Alpha rocket, has drastically changed its board of directors, removing its main financial backer from the Ukraine and replacing him with Americans.
Among those no longer on the board is Firefly’s financial savior, Polyakov, who has dual Ukrainian-British citizenship and lives in Edinburgh. This is a substantial change, as it moves the company’s key financial backer from a role as a decision maker to that of a stockholder. Markusic said Polyakov has the rights of a stockholder but that Firefly’s board now directs the company. Polyakov remains Firefly’s largest shareholder.
“These changes are part of the logical growth and development of Firefly,” Polyakov told Ars. “I’m extremely proud of what we have accomplished to date. Moving forward, I have the utmost confidence in Tom, his team, and the new board members.”
Some concerns had previously been raised about Polyakov’s background. This move, however, is more due to having an all-American board of directors, which should bolster Firefly’s efforts to work with the defense community.
Essentially, the company and Polykov have moved Polykov out of a sensitive position so as to make the company seem more palatable to the federal government. His presence on the board would have likely made it difficult to win any government contracts. Making him in name just a stockholder will reduce that issue.
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.
Why, was the director’s broad ugly or mean? And isn’t that a sexist term in the first place?
Hey, don’t complain, they now have sexual diversity at the top in their company