U.S. space startup Firefly Aerospace has reached a valuation of over $2 billion following a $175 million funding round led by RPM Ventures. Known for its small to medium launch vehicles, Firefly offers orbital services through its Elytra line, which supports hosting, rideshare, delivery, and servicing missions in Earth’s orbit.
The Series D round brought in new investors like GiantLeap Capital and Human Element alongside existing backers, marking a surge of interest in space ventures from venture capital firms. Firefly plans to leverage the fresh funds to expand the market reach of its Elytra orbital services, ramp up production of its Alpha rocket, and accelerate development of additional launch vehicles.
In addition, Firefly is set to undertake its inaugural lunar mission, “Blue Ghost,” as part of NASA’s Commercial Lunar Payload Service (CLPS) later this year. This mission will add to Firefly’s expanding project roster, which includes contracts with major players like Lockheed Martin, L3Harris, and NASA. The startup is also partnering with Northrop Grumman to develop a new medium launch vehicle, underscoring its growing presence in the aerospace industry.
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