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Firefly Aerospace rakes in more cash as competitors struggle for footing

Firefly Aerospace, a Texas-based company resurrected from bankruptcy, is riding high these days. In a few months, Firefly will attempt to become the second company to safely place a commercial lander on the Moon. Firefly's Alpha rocket has reached orbit four times, and engineers are developing a larger medium-class rocket in partnership with Northrop Grumman, one of the largest US aerospace and defense contractors.

There's also an orbital transfer vehicle, named Elytra, in Firefly's diversified portfolio. This diversification is proving attractive to investors. Firefly announced Tuesday that it completed a $175 million Series D fundraising round, resulting in a valuation of more than $2 billion. This follows a banner year of fundraising in 2023, when Firefly reported investors funneled approximately $300 million into the company at a valuation of $1.5 billion.

"Firefly is extremely grateful for our existing and new investors whose support demonstrates a huge vote of confidence in our capabilities and future," said Jason Kim, who took over as the company's CEO in October. He replaced Bill Weber, who resigned as chief executive after reports of an alleged inappropriate relationship with a female employee.

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Varun Dhawan, Samantha’s AGBO-Produced ‘Citadel: Honey Bunny’ From Raj & DK Leads Prime Video Global Viewing (EXCLUSIVE)

Prime Video’s Indian spy series “Citadel: Honey Bunny” has claimed the top spot as the streamer’s most-watched series worldwide during its launch weekend. The show, which debuted Nov. 7, has reached viewers in 200 countries and territories, landing in the Top 10 in nearly 150 markets including the U.S., U.K., France, Italy, Australia, Canada, Brazil […]

Rocket Report: Firefly delivers for NASA; Polaris Dawn launching this month

Four kerosene-fueled Reaver engines power Firefly's Alpha rocket off the pad at Vandenberg Space Force Base, California.

Enlarge / Four kerosene-fueled Reaver engines power Firefly's Alpha rocket off the pad at Vandenberg Space Force Base, California. (credit: Firefly Aerospace)

Welcome to Edition 7.01 of the Rocket Report! We're compiling this week's report a day later than usual due to the Independence Day holiday. Ars is beginning its seventh year publishing this weekly roundup of rocket news, and there's a lot of it this week despite the holiday here in the United States. Worldwide, there were 122 launches that flew into Earth orbit or beyond in the first half of 2024, up from 91 in the same period last year.

As always, we welcome reader submissions, and if you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets as well as a quick look ahead at the next three launches on the calendar.

Firefly launches its fifth Alpha flight. Firefly Aerospace placed eight CubeSats into orbit on a mission funded by NASA on the first flight of the company’s Alpha rocket since an upper stage malfunction more than half a year ago, Space News reports. The two-stage Alpha rocket lifted off from Vandenberg Space Force Base in California late Wednesday, two days after an issue with ground equipment aborted liftoff just before engine ignition. The eight CubeSats come from NASA centers and universities for a range of educational, research, and technology demonstration missions. This was the fifth flight of Firefly's Alpha rocket, capable of placing about a metric ton of payload into low-Earth orbit.

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Firefly is building fast and breaking things on path to a reusable rocket

A test version of Firefly's Miranda engine fires up on a test stand in Briggs, Texas.

Enlarge / A test version of Firefly's Miranda engine fires up on a test stand in Briggs, Texas. (credit: Firefly Aerospace)

BRIGGS, Texas—The new medium-lift rocket under development by Firefly Aerospace and Northrop Grumman will eventually incorporate a recoverable booster that will return to its launch site in Virginia for reuse.

Firefly has previously suggested rocket reuse is on the roadmap for the new rocket—known, for now, only as the Medium Launch Vehicle (MLV)—but officials revealed new details of the plan during a recent visit by Ars to Firefly's rocket factory in rural Central Texas.

“Northrop and Firefly have a similar perspective and that is, for that class of rocket, reusability is a requirement for a bunch of reasons," said Bill Weber, Firefly's CEO. "Economically, it becomes an advantage because we don't have to go build additional floor space... Similarly, the pricing structure for customers starts to get super competitive, which we absolutely love, and we’ll be right in the middle of.”

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Haiti - Level 4: Do Not Travel

Updated to reflect additional information on crime.

Do not travel to Haiti due to kidnapping, crime, civil unrest, and limited health care.

Country Summary: Since March 2024, Haiti has been under a State of Emergency. Crimes involving firearms are common in Haiti. They include robbery, carjackings, sexual assault, and kidnappings for ransom. Kidnapping is widespread, and U.S. citizens have been victims and have been hurt or killed. Kidnappers may plan carefully or target victims at random, unplanned times. Kidnappers will even target and attack convoys. Kidnapping cases often involve ransom requests. Victims’ families have paid thousands of dollars to rescue their family members. 

Protests, demonstrations, and roadblocks are common and unpredictable. They often damage or destroy infrastructure and can become violent. Mob killings and assaults by the public have increased, including targeting those suspected of committing crimes.  

The airport in Port-au-Prince can be a focal point for armed activity. Armed robberies are common. Carjackers attack private vehicles stuck in traffic. They often target lone drivers, especially women. As a result, the U.S. embassy requires its staff to use official transportation to and from the airport.

Do not cross the border by land between Haiti and the Dominican Republic due to the threat of kidnapping and violence. These dangers are present on roads from major Haitian cities to the border. The U.S. embassy cannot help you enter the Dominican Republic by air, land, or sea.  U.S. citizens who cross into the Dominican Republic at an unofficial crossing may face high immigration fines if they try to leave. The U.S. Coast Guard has concerns about security in the ports of Haiti. Until those are addressed, the Coast Guard advises mariners and passengers traveling through the ports of Haiti to exercise caution.

 The U.S. government is very limited in its ability to help U.S. citizens in Haiti. Local police and other first responders often lack the resources to respond to emergencies or serious crime. Shortages of gasoline, electricity, medicine, and medical supplies are common throughout the country. Public and private medical clinics and hospitals often lack trained staff and basic resources. In addition, they require prepayment for services in cash.

U.S. government personnel are subjected to a nightly curfew and are prohibited from walking in Port-au-Prince. Personnel movement is restricted throughout Haiti. U.S. government personnel in Haiti are also prohibited from:

  • Using any kind of public transportation or taxis. 
  • Visiting banks and using ATMs. 
  • Driving at night. 
  • Traveling anywhere after dark. 
  • Traveling without prior approval and special security measures in place.

Read the country information page for additional information on travel to Haiti.   

If you decide to travel to Haiti: 

  • Avoid demonstrations and crowds. Do not attempt to drive through roadblocks. 
  • Arrange airport transfers and hotels in advance, or have your host meet you upon arrival. 
  • Do not give personal information to unauthorized people to include those without uniforms or credentials. Individuals with bad intent may frequent areas at the airport, including near immigration and customs. 
  • If you are being followed as you leave the airport, drive to the nearest police station immediately. 
  • Travel by vehicle to reduce walking in public. 
  • Travel in groups or at least do not travel alone. 
  • Always keep vehicle doors locked and windows closed when driving. 
  • Be cautious and alert. This is especially important when driving through markets and other crowded areas. 
  • Do not fight back during a robbery. It increases the risk of violence and injury to you. 
  • Purchase travel insurance with medical evacuation coverage ahead of time. 
  • Review information on Travel to High-Risk Areas. 
  • Enroll in the Smart Traveler Enrollment Program (STEP) to receive Alerts and make it easier to locate you in an emergency. 
  • Follow the Department of State on Facebook and X/Twitter. 
  • Review the Country Security Report on Haiti. 

Prepare a contingency plan for emergency situations. Review the Traveler’s Checklist.

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