Firefly Aerospace closed the third tranche of its Series C Funding round, bumping the valuation of the end-to-end space transportation company to $1.5 billion. It has raised around $300 million since February this year.
During the round, Mitsui & Co. and other new investors joined existing investors led by AE Industrial Partners, Firefly Aerospace said Friday.
Bill Weber, CEO of Firefly Aerospace, attributed the latest development to the company’s focus on production and mission execution. He added that the launch of the VICTUS NOX mission by the U.S. Space Force on Sept. 14 increased interest and attracted new investors.
Other company works underway are multiple Alpha missions, including one with NASA, launch partnership with Lockheed Martin (NYSE: LMT) and L3Harris Technologies (NYSE: LHX) and government contracts for the Blue Ghost Lunar Lander product line.
In addition, Firefly Aerospace’s Elytra on-orbit vehicle will fly on the Alpha Rocket in 2024 for the first mission for the National Reconnaissance Office.
Firefly Aerospace is anticipated to close its current financing round soon.
