Launch Vehicle Developer Firefly Aerospace Looks to Raise $350M in Funding Round; Tom Markusic Quoted
Firefly Aerospace plans to raise $350 million in funds to ramp up production, advance long-term growth initiatives and further develop a larger launch vehicle, SpaceNews reported Wednesday. Tom Markusic, CEO of Firefly Aerospace, said the company would use $125 million of the funds to support “product enhancements†such as tooling and facilities to scale up the production of its launch vehicles.