Firefly Aerospace Completes Oversubscribed $75M Series A and $100M Secondary Transaction

CEDAR PARK, Texas, May 4, 2021 (Firefly Aerospace PR) – Firefly Aerospace Inc., a leading provider of economical and dependable launch vehicles, spacecraft, and in-space services, today announced the successful completion of its Series A financing. The $75 million Series A, which valued the company at greater than $1 billion, was led by DADA Holdings, with participation by Astera Institute, Canon Ball LLC, Reuben Brothers Limited, SMS Capital Investment LLC, Raven One Ventures, The XBTO Ventures and other investors. The Series A capital raise team was led by Darren Ma, Firefly CFO. Investor outreach was led by Eric Salwan, Firefly Co-founder and Director of Commercial Business Development. Jed McCaleb, representing Astera Institute, will join Firefly’s Board of Directors.

Interest in the Series A round far exceeded the $75 million equity being offered. In an effort to satisfy the overwhelming demand in the Series A round, Firefly’s seed investor, Noosphere Ventures, sold approximately $100 million of its holdings of Firefly equity to certain Series A participants and other investors through secondary transactions. Following the forthcoming launch of its flagship Alpha small launch vehicle, Firefly intends to raise an additional $300 million later in 2021 to fund its ambitious growth plans through 2025.

(more…)

Firefly Aerospace Backer Max Polyakov Acquires Satellite Maker Dragonfly Aerospace

STELLENBOSCH, South Africa (Dragonfly Aerospace PR) — Dr. Max Polyakov – the international technology entrepreneur, investor and economist who is revolutionizing the space industry – today announced the completion of his acquisition of a majority stake in Dragonfly Aerospace, a South African NewSpace company with over 20 years of proven heritage in high-performance imaging satellites and payloads.

This purchase cements Dragonfly Aerospace’s status as a critical component of the vertically integrated space ecosystem being built by Dr. Polyakov and Noosphere Ventures that includes Firefly, the competitively-priced space launch provider, EOS Data Analytics (EOSDA), a satellite data and analytics company with its own radar and optical satellite constellations, and SETS, a space electric thruster systems firm.

(more…)

NASA Awards Firefly Aerospace $93.3M to Deliver Suite of Payloads to the Moon in 2023

Blue Ghost lander on the moon. (Credit: Firefly Aerospace)

CEDAR PARK, Texas, February 4, 2021 (Firefly Aerospace PR) – Firefly Aerospace, Inc., a leading provider of economical and dependable launch vehicles, spacecraft, and in-space services, announced that NASA has awarded Firefly $93.3 million to deliver a suite of ten NASA-sponsored science and technology demonstration payloads to Mare Crisium in the Moon’s Crisium basin. Firefly’s ‘Blue Ghost’ lunar lander will deliver the payloads to the lunar surface in 2023 in fulfillment of Commercial Lunar Payload Services (CLPS) task order 19D, managed by NASA’s Science Mission Directorate.

(more…)

Firefly Aerospace Documentary Trailer

Video Caption: «Launching a rocket into space is the hardest job you can choose».

The official trailer of the documentary about Firefly Aerospace, a Ukrainian-American rocket company, owned by Max Polyakov.

The fascinating and twisting path of Firefly Aerospace from its inception to the planned launch of Alpha rocket in 2020.

How Firefly Aerospace has survived and developed into one of the big names in private space exploration alongside such well-known ventures as SpaceX, Blue Origin, Virgin Galactic and others. Elon Musk, Jeffrey Bezos, Richard Branson and Max Polyakov – what do these people have in common? How their businesses are affecting the modern space industry.

The creators of the film, Edwards Media studio based in Austin (Texas, USA), began making an independent documentary about Firefly Aerospace in 2016. They strived to capture everything to make a complete story to show how this company is changing the world.

Subscribe to our channel to learn about the development of the space industry in Ukraine and the world. Here we collect various business stories about the international entrepreneur in the fields of space technology and IT – Max Polyakov. He is the managing partner of Noosphere Ventures Investment Fund and the founder of Firefly Aerospace, EOS DA, SETS, Renatus, Maxpay, and others. He is also the ideological inspiration of the Noosphere Association.

🔘 Firefly Aerospace is a private aerospace company that develops light launch vehicles designed to launch cargo into space. The first launch of the Alpha launch vehicle is scheduled for 2020.