Firefly Raises $75 Million and Pushes On With Rocket Development
Investors include DADA Holdings, Raven One Ventures, and Canon Ball, as well as cryptocurrency billionaire Jed McCaleb.
A rendering of Firefly’s Blue Ghost lunar lander.
Source: Firefly AerospaceMultimillionaire Max Polyakov took Firefly Aerospace Inc. from the research lab to the launchpad. Now a group of investors has bet that the company’s business can stretch all the way to the moon.
On Tuesday, Firefly revealed that it has raised $75 million just ahead of the launch of the company’s first rocket. The money comes from a group of investors including DADA Holdings, Raven One Ventures, and Canon Ball. The company also announced that Jed McCaleb, a cryptocurrency billionaire, has invested in Firefly and will join its board of directors. Firefly expects to try and raise another $300 million later this year, the company said.