Ukrainian businessman Max Polyakov is on track to have a very successful year after his company Firefly Aerospace signed an agreement with the US National Space Agency (NASA).
The aerospace company that was on the brink of bankruptcy in 2017 is now awarded a $ 93 million contract to transport NASA equipment to the moon. The mission will be part of NASA’s plans to expand its lunar program, beginning with the launch of the Artemis II mission in 2022.
The latest round of investments finds new partners
The deal must surely have helped Max Polyakov with his latest round of financing for Firefly Aerospace, which has brought new partners on board, which has been an additional investment for the company. New partners involved this year include DADA Holdings, Raven One Ventures, and Canon Ball. Another new partner is cryptocurrency billionaire Jed McCaleb, who will also join Firefly Aerospace’s board of directors. So far this year Max polyakov and Firefly Aerospace they have achieved a net investment of $ 75 million for the company, pending the first launch of a rocket of the company in June of this year. Firefly’s leadership aims to earn an additional $ 300 million before the end of the year to help the company with its ambitious plans for the next several years.
First release Just Weeks Away
Based in Austin, Texas, Firefly Aerospace’s popularity with investors is remarkable, considering that the company has yet to launch anything into space. However, upon closer inspection, there appears to be a lot of interest for the new partners. For now, the firm will focus on making the launch of its Alpha rocket a success. The spacecraft will be capable of carrying payloads of up to 2,200 pounds, making it a mid-size rocket somewhere between the small rockets from Rocket Labs and the larger SpaceX vehicles. The inaugural launch will take place in California next month at Vandenberg Air Force Base. On board there will be a load of CubeSat satellites that the rocket will fire into Low Earth Orbit (LEO). If the mission is successful, the company plans a much shorter time frame for its next launch, possibly in October this year. The successful launch of Alpha will also provide more favorable conditions for the next investment round, which will be crucial for the company’s future expansion.
Company expansion on the horizon
The launch of Alpha may just be the beginning of the company’s path to success. Firefly Aerospace has already begun development of the Blue Ghost spacecraft that will complete NASA’s mission. Furthermore, the company is considering designing a rocket even larger than the Alpha model, along with a reusable space plane at some point in the future. Firefly’s current value exceeds $ 1 billion and its shares are likely to rise after a successful launch in June. It remains to be seen who the company’s next high-profile collaboration will be with.