What Happened
Firefly Aerospace Raises $75M, Expands Investor Base Amid Ambitious Growth Plans
Firefly Aerospace Inc. has secured $75 million in Series A funding, valuing the company at over $1 billion. The investment was led by DADA Holdings and includes participation from Astera Institute, Reuben Brothers Limited, and SMS Capital Investment LLC. Firefly plans to use the funds to execute its business plan, which includes developing new spacecraft and launch vehicles. The company has previously announced commercial and civil launch contracts with customers including NASA and General Atomics. Firefly is headquartered in Cedar Park, TX, and is developing a family of launch and in-space vehicles and services. The investment was first reported by Firefly Aerospace.