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. SpaceX’s Falcon Heavy rocket will be used to carry astronauts into deep space, and has already been tested on Earth by Elon Musk’s private company, Space Exploration Technologies (SpaceX). 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.