Firefly Space Systems Early growth Firefly Space Systems began as a startup in January 2014 by Tom Markusic, P.J. King, Michael Blum, and a small group of entrepreneurs who self-funded the company. In November 2014, Firefly moved its headquarters from
Hawthorne, California to
Austin-suburb
Cedar Park, Texas. facility in
Briggs, Texas, north of Austin. In 2014, Firefly purchased fiber-winding equipment for manufacturing
composite cryotanks that would be built using an
out-of-autoclave process. Prototype tanks were tested at
Marshall Space Flight Center of
NASA in mid-2014. The initial demonstration launch of the Firefly Alpha was planned to be as early as 2016.
Litigation and closure In December 2014, Tom Markusic's former employer
Virgin Galactic alleged he had illegally provided Virgin intellectual property to the Alpha development team. Virgin also alleged that Markusic had "destroyed storage devices, disposed of computers, and reformatted hard drives to cover the tracks of his misappropriation of Virgin Galactic information". In August 2016, an independent
arbitrator confirmed that Markusic had destroyed evidence. Thereafter, a major European investor backed down, leaving Firefly without sufficient money to proceed. The company furloughed its entire staff in October 2016. According to Markusic, the investor's drawback was not related to the litigation but to
Brexit. Within the same month,
Virgin Orbit filed suit in
Los Angeles County Superior Court against Firefly and two of its officers. By December 1, 2016, Firefly Space Systems had permanently ceased engineering work.
Firefly Aerospace After going bankrupt and being liquidated in March 2017, the company was re-created as Firefly Aerospace by Noosphere Ventures, who bought out the assets of former Firefly Space Systems. committed to fully fund Firefly through at least its first two launches. The plans for engine development were significantly altered by the new management, and the revised Alpha vehicle design featured a pump-fed engine and removed the aerospike configuration. The reorganization initially delayed development by approximately a year, with the first launch expected, in 2019.,
Petro Poroshenko, at the opening of a Ukrainian branch On May 17, 2018, Firefly Aerospace opened a
research and development (R&D) center in the city of
Dnipro, Ukraine. The Firefly R&D center was announced to become, over time, a place of work for more than 150 employees, and is equipped with the largest
3D-printer in Ukraine, intended for industrial manufacturing of high-quality metal parts. On October 10, 2018, Firefly Aerospace and smallsat developer York Space Systems announced a partnership to offer customers a combined package of satellite and launch services. In November 2018, it was announced that NASA selected Firefly Aerospace as one of nine companies able to bid for
Commercial Lunar Payload Services (CLPS), where the company would propose a robotic lunar lander called
Firefly Genesis. They have leased a private launch pad in Florida – the former
Space Launch Complex 20 (SLC-20) which had been used by the
US Air Force in the 1950s through 1996 – from the
US government and they also have a similar lease arrangement on the
US West Coast. In February 2021, NASA awarded approximately US$93.3 million to Firefly Aerospace to develop exploration technologies for
Artemis Commercial Moon Delivery in 2023. The company completed its $75 million Series A investment round in May 2021, which was led by DADA Holdings. Firefly launched its first
test flight on September 3, 2021. The Firefly Alpha rocket experienced an anomaly during ascent, and the Range terminated the flight using the explosive
Flight Termination System (FTS). In late November 2021, Maxim Polyakov received a letter from the
Committee on Foreign Investment in the United States (CFIUS) asking Polyakov and his investment firm Noosphere Venture Partners to sell a stake in Firefly (nearly 50%) for national security reasons. Polyakov denied the threat to US national security, but agreed to comply. Noosphere Ventures has announced that it will hire an investment banking firm to sell. Even before the start of the
2022 Russian invasion of Ukraine, the future of the Firefly R&D center in Ukraine was uncertain; after the invasion started, the Dnipro factory was bombed, and many of the Ukrainian engineers either joined the army or fled the country. The government did not provide reasons beyond Polyakov being an ethnic Ukrainian, while Ukraine and Russia had once worked together on rockets. In August 2022,
Northrop Grumman announced that it had contracted Firefly Aerospace to build the
Antares rocket's new 300-series' first stage, which is similar to Firefly's in-development MLV launch vehicle, and features the same composite structures as well as seven Miranda engines producing of thrust – substantially greater than the previous 200-series first stage. Northrop Grumman states that the new first stage substantially increases the mass capability of
Antares. In 2024, it was announced that Firefly would compete with companies like
Rocket Lab and
SpaceX for small satellite launch contracts with the
United States Department of Defense. In July 2024, CEO Bill Weber resigned amid reports that the company was investigating an alleged inappropriate relationship. Peter Schumacher, a board member, served as interim CEO while the company searched for a new CEO. On August 29, 2024, it was announced that the next CEO would be Jason Kim, who served in the role at Millennium Space. In July 2025, Firefly secured a $176.7 million NASA CLPS contract for a south-pole lunar mission planned in 2029. The mission will deliver two rovers (
CMU MoonRanger and
CSA Rover) and three science instruments using the Blue Ghost lander and Elytra Dark relay satellite. Firefly went public through an
initial public offering on the
Nasdaq under the ticker symbol "FLY" in August 2025. The company raised $868 million in the offering and was valued at approximately $10 billion. == Launch vehicles ==