Closes Third Tranche of Series C Round, Reaching Approximately $300 Million of Financing to Date
Summary
Latest Closing Underscores Ongoing and New Investor Demand in Wake of Successful U.S. Space Force Alpha LaunchCEDAR PARK, Texas, Nov. 10, 2023 Firefly Aerospace, Inc., an end-to-end space transportation company, today announced the closing of another tranche of financing, valuing the company at $1.5 billion pre-money. The round is being led by existing investors including AE Industrial Partners, LP, as well as new investors including Mitsui & Co., Ltd. Firefly has raised approximately $300 million in funding since February 2023.We have been successful at raising funds at an increased valuation in this challenging capital markets environment due to our focus on production and mission execution, said Bill Weber, CEO Firefly Aerospace. Under their Blue Ghost Lunar Lander product line, the company also won multiple U.S. government and commercial contracts, including three NASA Commercial Lunar Payload Services (CLPS) task orders.In addition, Fireflys on-orbit vehicle, Elytra, is on contract for its first mission for the National Reconnaissance Office, scheduled to fly on Fireflys Alpha Rocket next year, while The Medium Launch Vehicle being co-developed with Northrop Grumman has major milestones scheduled before the end of the year.Firefly has clinched key contracts and cemented itself as the leader in tactically responsive launch, said Kirk Konert Partner at AE Industrial and Chairman of Firefly. Headquartered in central Texas, Firefly is a portfolio company of AE Industrial Partners (AEI) focused on delivering responsive, reliable, and affordable space access for government and commercial customers. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative.