Update: I have heard everyone was laid off at Firefly. In addition, there are reports there was an arbitrator’s ruling earlier this month in the case brought by Virgin Galactic against its former head of propulsion, Tom Markusic, who co-founded Firefly. The ruling was that Markusic had taken proprietary information when he left Virgin Galactic. This is the type of ruling that dries up funding sources for startups, which would explain the company’s financial setback.
There’s been a statement posted by Firefly Space Systems via Twitter.
“Firefly Space Systems in recent weeks experienced a setback on funding, which us to take necessary action to maintain cash-flow equilibrium and position our company for future success. We are reviewing options with our financial partners and will be communicating updates to our employees in as close to real time as possible. We will update the media as soon as a resolution is reached.”
I had heard reports of layoffs in August of about 30 people, although a source said the number was less than that total.