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Business/Financial

Firefly Closes $175 Million Funding Round To Scale Production, Accelerate MLV Development

By Cal Biesecker

Tuesday, November 12th, 2024

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Firefly Closes $175 Million Funding Round To Scale Production, Accelerate MLV Development

Firefly Aerospace's Elytra Dawn on-orbit hosting and delivery in low Earth orbit spacecraft. Image: Firefly Aerospace

Firefly Aerospace has raised $175 million in new venture capital that will help it boost production of a multi-mission orbital vehicle and its small lift rocket, and accelerate hardware qualification of a medium launch vehicle (MLV) the company is developing with Northrop Grumman [NOC]. The Series D funding round was led by RPM Ventures, a new investor, and included existing investors, and new backers GiantLeap Capital and Human Element. Some of the new capital will go toward expanding the market…

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