Firefly Aerospace has secured $175 million in a late-stage funding round led by RPM Ventures, valuing the space startup at over $2 billion.
This funding shows growing investor interest in rocket and satellite companies, a notable trend shift, as highlighted by Seraphim Space’s report last month.
Based in Texas, Firefly specializes in launching small to medium vehicles for commercial missions to Earth’s orbit. It also provides on-orbit services with its Elytra line, supporting hosting, rideshare, delivery, and servicing missions.
Later this year, Firefly plans to launch its first mission to the moon, named Blue Ghost, as part of NASA’s Commercial Lunar Payload Service initiative.
The Series D round attracted both existing investors and new backers like GiantLeap Capital and Human Element.
Firefly plans to use the new funds to expand the reach of its Elytra spacecraft, move to full-scale production of its Alpha rocket, and accelerate hardware testing for its next-generation vehicles.
Additionally, the company is gearing up for multiple Alpha rocket launches under contracts with Lockheed Martin, L3Harris, and NASA while partnering with Northrop Grumman to create a medium launch vehicle.
