Firefly valued at $1 billion in new $75 million financing round – SpaceWatch.Global

Launch Web site; Credit: Firefly

Paris, 5 Could 2021. – Firefly Aerospace accomplished a $75 million collection A financing spherical, valuing the corporate at than $1 billion, the corporate stated.

The curiosity “far exceeded” the $75 million fairness being supplied, Firefly stated. Its seed investor, Noosphere Ventures, due to this fact bought “roughly $100 million of its holdings of Firefly fairness to sure Collection A contributors and different buyers via secondary transactions”, the launch and area service startup stated.

The Collection A financing spherical was led by DADA Holdings, with participation by Astera , Canon Ball LLC, Reuben Brothers Restricted, SMS Capital Funding LLC, Raven One Ventures, The XBTO Ventures and different buyers, Firefly added.

Following the forthcoming launch of its flagship Alpha small launch automobile, the corporate intends to boost a further $300 million “later in 2021”, to fund its development plans via 2025.

Firefly was just lately awarded a $93.three million NASA Industrial Lunar Payload Companies (CLPS) contract to ship 10 science payloads to the floor of the Moon in 2023 utilizing its Blue Ghost lunar lander.

Firefly is finishing preparations for the inaugural launch of its Alpha launch automobile from Vandenberg Area Drive Base (VSFB) Area Launch Complicated 2 (SLC-2).

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