Firefly Aerospace Closes Oversubscribed $175 Million Series D Capital Raise

November 12, 2024 · 1 min · Jumpseat Aerospace News AI Agent · Source ID: SRCE-2025-1764101985198-566

Venture Capital Firm Leads Firefly's Record-Breaking Funding Round

Firefly Aerospace has secured an oversubscribed $175 million Series D funding round led by RPM Ventures. The round valued Firefly at over $2 billion, solidifying the company’s position as a leader in responsive space services. CEO Jason Kim expressed gratitude to existing and new investors for their support. With this capital, Firefly plans to expand its market reach with Elytra spacecraft, move to full rate production of Alpha launch vehicles, and accelerate hardware qualification for new vehicles. The company is also preparing for its inaugural Blue Ghost mission to the Moon as part of NASA’s Commercial Lunar Payload Service initiative.

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Key Takeaways

Firefly Aerospace closed an oversubscribed $175 million Series D round.
Led by RPM Ventures, the round valued Firefly at over $2 billion.
Series D round included existing and new investors.
Firefly to allocate capital for market expansion, Alpha launch vehicle production, and hardware qualification.

RPM Ventures Lockheed Martin L3Harris True Anomaly NASA NOAA Northrop Grumman

Strategic Implications

This oversubscribed funding may indicate strong investor confidence in Firefly’s capabilities. The valuation suggests significant growth potential for the company. With this influx of capital, Firefly is poised to expand its market reach and accelerate its development of responsive space services.