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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.

A rendering of Firefly’s Blue Ghost lunar lander.

Source: Firefly Aerospace 
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Multimillionaire 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.