- Successful Series D Funding: Firefly Aerospace has successfully concluded a $175 million Series D funding round, raising its valuation to over $2 billion. The round was led by RPM Ventures, with participation from both existing and new investors, including GiantLeap Capital and Human Element.
- Recognition from RPM Ventures: Marc Weiser of RPM Ventures highlighted Firefly’s unique position as a market leader in agile space missions, exemplifying innovation and modern space technology excellence.
- Responsive Space Capabilities: Firefly showcased its rapid-response space capabilities during the VICTUS NOX mission, launching a U.S. Space Force payload in under 24 hours, setting an industry benchmark.
- CEO Remarks: CEO Jason Kim expressed gratitude for the investor support, noting the fast-paced transition from term sheet to funding completion within two months.
- Board Chairman’s Statement: Kirk Konert, Chairman of the Board, emphasized the company’s determination and innovation, projecting a transformative year in 2025.
- Upcoming Projects:
- Blue Ghost Lunar Mission: Firefly’s upcoming mission to the Moon under NASA’s Commercial Lunar Payload Service.
- Alpha Launches: Secured missions with Lockheed Martin, L3Harris, True Anomaly, NASA, and NOAA.
- Partnership with Northrop Grumman: Collaborative development of a Medium Launch Vehicle.
- Elytra Mission: Launch of a versatile spacecraft for on-orbit services and deep space communication network.
- Capital Allocation: Funds from this round will be used to increase production of the Alpha launch vehicle, expand market reach of the Elytra spacecraft, and accelerate development for future vehicle programs.
Firefly Aerospace has secured $175 million in an oversubscribed Series D funding round, boosting its valuation to over $2 billion. Led by RPM Ventures, the round attracted existing and new investors, signifying strong confidence in Firefly’s capabilities. The company’s successful VICTUS NOX mission exemplified its responsive space services, with plans for more Alpha launches and the upcoming Blue Ghost lunar mission. Firefly’s strategic partnerships, including with Northrop Grumman, and new spacecraft programs position it as an industry leader. Funds will enhance production capabilities, market expansion, and development of new vehicle initiatives.
RPM Ventures
Firefly Aerospace has revealed the successful conclusion of an oversubscribed $175 million Series D funding round, raising the company’s valuation to over $2 billion. The investment was spearheaded by RPM Ventures, a venture capital firm recognized for supporting groundbreaking and leading-edge businesses for more than twenty years. The round drew involvement from current supporters as well as fresh investors, including Giant Leap Capital and Human Element.
“Only a limited number of companies can claim to have established a new category in their field – Firefly is among them,” remarked Marc Weiser of RPM Ventures. “They have established their position in the market as a comprehensive provider for agile space missions and have risen to embody the ideal model of a contemporary space and defense technology firm.”
Firefly’s main business centers on providing high-quality responsive space services through its launch, lunar, and on-orbit initiatives. This ability was showcased during the VICTUS NOX mission, during which Firefly successfully encapsulated and launched a payload for the U.S. Space Force in under 24 hours, establishing an industry record and setting a new benchmark in the field. The firm keeps improving its response times with every new Alpha mission.
“Firefly is deeply appreciative of both our current and new investors, whose backing shows a significant endorsement of our abilities and future potential,” stated Jason Kim, CEO of Firefly Aerospace. Before becoming part of the company, I had an exceptional chance to observe the inner workings and experience the ambitious mission that Firefly carried out perfectly! I think this has characterized us in the market and keeps fueling the investor interest that enabled us to transition from term sheet to completion in merely two months – and the best is still ahead.
Kirk Konert, Chairman of the Board at Firefly Aerospace, stated, “This successful funding round reinforces Firefly’s position as the clear leader in responsive space.” Fueled by unwavering determination, groundbreaking creativity, and boundless enthusiasm, this group is redefining the limits of possibility. As we look toward 2025, we are preparing for a year that will transform the industry and create history.
Alongside its active launch activities, Firefly is preparing for its first Blue Ghost mission to the Moon as part of NASA’s Commercial Lunar Payload Service program. The firm is additionally gearing up for several Alpha launches secured by Lockheed Martin, L3Harris, True Anomaly, NASA, and NOAA, and is partnering with Northrop Grumman to create a Medium Launch Vehicle. At the same time, Firefly is finalizing arrangements for its inaugural Elytra mission, a versatile spacecraft aimed at providing on-orbit services and creating a deep space communication network.
Recognized for its effective capital management, Firefly plans to allocate the new funds to broaden the market penetration of its Elytra spacecraft, increase full-rate production of the Alpha launch vehicle, and accelerate hardware qualification for upcoming vehicle programs.
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