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.
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.