Original Firefly Shareholders Sue Firefly’s Markusic, Polyakov Alleging Fraud

Tom Markusic

by Douglas Messier
Managing Editor

A group of original shareholders in the defunct Firefly Space Systems have accused co-founder and CEO Tom Markusic of fraudulently conspiring with Ukrainian billionaire Maxym Polyakov to force the rocket company into bankruptcy in 2017 and reconstitute it under a nearly identical name without giving them any stake in the new venture.

Markusic “betrayed the trust of his original co-founders and investors and committed fraud to cut them out of his aerospace company. Instead of managing the operations of the Original Firefly, a revolutionary rocket company with endless potential, Markusic schemed with…Maxym Polyakov…to rob Plaintiffs of their investments and form a new company called Firefly Aerospace, Inc. (the ‘New Firefly’),” the plaintiffs said in a lawsuit.

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Celebrate Independence Day by Buying a Rocket Test Facility

Employees celebrate the completion of Test Stand 1. (Credit: Firefly Space Systems)

Do you make rocket engines?
Do you need a place to test your rocket engines?
Are you free on July 4?

If you can answer yes to all these questions, then get yourself down to the Burnet County Courthouse in Texas next month. The last vestige of bankrupt Firefly Space Systems — its test facility north of Austin — will be auctioned off beginning at 10 a.m. on July 4.

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EOS Launches Land Viewer

MENLO PARK, Calif. (EOS PR) — Data scientists, GIS engineers and software developers from California-based company EOS have recently launched a cutting-edge cloud-based tool that allows users, journalists, researchers and students to easily search and analyze huge amounts of the most up-to-date earth observation data.

Land Viewer is an on-the-fly, real-time imagery processing and analytics service, which provides:

  • instant access to petabytes of new and archive data;
  • the ability to find geospatial images on any scale in 2 clicks by selecting the required territory on the map or by location name;
  • on-the-fly imagery analytics, with the option to download any images required for business purposes.

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