Firefly Aerospace is set for a significant expansion, just three years after its predecessor filed for bankruptcy protection following the loss of a big European investor. The new-space company confirmed it is investing $52 million ahead of its first launch in Q4 2019. This includes a launch site at Florida’s Cape Canaveral Spaceport and a mass production facility at Exploration Park to build 24 Alpha vehicles annually. The latter will be for small satellites and potentially capitalising on the NASA-invigorated lunar space market. Firefly Aerospace said its turnaround is the consequence of carefully planning its architecture and technology.
Firefly Aerospace is set for a significant expansion, just three years after its predecessor filed for bankruptcy protection following the loss of a big European investor. The new-space company confirmed it is investing $52m ahead of its first launch in Q4 2019. This includes a launch site at Florida’s Cape Canaveral Spaceport and a mass production facility at Exploration Park to build 24 Alpha vehicles annually. The latter will be for small satellites and potentially capitalising on the NASA-invigorated lunar space market. Firefly Aerospace said its turnaround is the consequence of carefully planning its architecture and technology.