Private Equity Firm Invests in End-to-End Space Transportation Company

Firefly Aerospace has closed a third tranche of Series C funding, valuing the company at $1.5 billion pre-money. The round is being led by existing investors AE Industrial Partners and new investor Mitsui & Co., Ltd. Firefly has raised approximately $300 million since February 2023, driven in part by its successful U.S. Space Force Alpha launch. The company has also secured contracts for multiple Alpha missions, including a NASA mission, and signed agreements with Lockheed Martin and L3Harris. Firefly’s on-orbit vehicle Elytra is set to fly on the National Reconnaissance Office’s next mission, while the Medium Launch Vehicle being co-developed with Northrop Grumman has major milestones scheduled before the end of the year.