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Firefly Aerospace

APublic (NASDAQ: FLY)Founded 2014🇺🇸Leander, Texas
CEO

Jason Kim

Data verified as of Jul 11, 2026

Summary

Firefly Aerospace is a public space and defense company that launches the Alpha small-lift rocket, is co-developing the Eclipse medium-lift vehicle with Northrop Grumman, flies Blue Ghost lunar landers, and builds Elytra orbital vehicles for maneuvering, communications, imaging, and other cislunar services. After becoming the first commercial company to complete a fully successful Moon landing, Firefly expanded further into defense software and data systems through its SciTec acquisition, which won a U.S. Space Force Space-Based Interceptor OTA agreement in May 2026 and a $5.5M Air Force CBC2 data-fusion option in June 2026 as part of the Golden Dome architecture. Q1 2026 revenue was $80.9M against $1.3B of backlog, Firefly doubled its Cedar Park campus to 144,000 sq ft to industrialize Blue Ghost and Elytra production, closed a 12M-share follow-on at $48/share on June 1, 2026, and — per June 23, 2026 Reuters reporting — is set to secure a ~$110M EXIM loan to fund further Texas production expansion as it prepares the first full Alpha Block II flight (Flight 8) for late summer 2026. In July 2026 Firefly also won a $13M NASA JPL subcontract — the first out of its new Gloworks innovation lab — to build the aeroshell for NASA's SkyFall Mars helicopter mission, extending it into planetary entry-descent-and-landing hardware.

Company OverviewRead the long-form profile of Firefly Aerospace

Main Products

Alpha

Alpha

Active

Small-lift two-stage orbital launch vehicle for dedicated commercial, civil, and national-security missions.

Operational since reaching orbit in 2022 and successfully returned to flight on March 11, 2026 with Alpha Flight 7 ahead of the full Block II debut on Flight 8.

Payload to LEO1,030 kg
Height29.48 m (96.7 ft)
Total Launches7
Responsive Launch Record24-hour notice
Eclipse

Eclipse

In Development

Reusable medium-lift launch vehicle co-developed with Northrop Grumman for commercial, civil, and national-security missions, launching from Virginia's Mid-Atlantic Regional Spaceport.

All major flight articles — including Miranda engines, LOX transfer line, pressure vessels, and interstage — are in build and test, and Firefly is progressing through Stage 1 tank testing. First launch from Wallops is now targeted no earlier than 2027.

Payload to LEO16,300 kg
Payload to GTO3,200 kg
Overall Length59 m (194 ft)
Target First LaunchNET 2027
Blue Ghost

Lunar lander platform for NASA CLPS missions and commercial payload delivery anywhere on the lunar surface.

Mission 1 completed the first fully successful commercial Moon landing in 2025, and Firefly is now marketing annual lunar missions with Blue Ghost and Elytra.

Mass to SurfaceUp to 240 kg
Mass to OrbitUp to 2,700 kg with Elytra
Mission 1 Surface Ops14+ days
Mission CadenceAnnual lunar missions

What's Next

Debut Alpha Block II on Flight 8

Fly the first full Alpha Block II configuration — with a 7-foot fuselage extension, in-house consolidated avionics, upgraded thermal protection, and stronger carbon composite structures — after Flight 7 validated key avionics and thermal upgrades. Firefly is targeting a late summer 2026 debut.

Late summer 2026

Launch Blue Ghost Mission 2 and activate Ocula

Execute the far-side lunar mission with Blue Ghost and Elytra Dark — delivering ESA's Lunar Pathfinder satellite to lunar orbit before Blue Ghost touches down on the far side for at least 10 days of surface operations — then keep Elytra in lunar orbit for communications, calibration, and Firefly's Ocula imaging service.

NET December 2026

Fly Eclipse for the first time

Continue Eclipse qualification and manufacturing work with Northrop Grumman — including Stage 1 tank testing on the ~100-ft-tall first stage — ahead of the medium-lift vehicle's inaugural launch from Wallops, now targeted no earlier than 2027.

NET 2027

Scale SciTec Golden Dome SBI work

Execute SciTec's Space-Based Interceptor OTA under U.S. Space Force Space Systems Command, building software, sensing, and AI for the Golden Dome space-based missile defense layer, with capability integrated into the architecture targeted by 2028.

2026-2028

Recent News

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Operations & Revenue

StatusOperational

Firefly is now a public space and defense company with Alpha back in service after the March 2026 Flight 7 return to flight, Q1 2026 revenue of $80.9M and ~$1.3B backlog, Blue Ghost Mission 1 completed and Mission 2 stacked at JPL for a NET December 2026 launch, the first full Alpha Block II vehicle targeted for Flight 8 in late summer 2026, Eclipse hardware in build and test with first flight now targeted no earlier than 2027, a doubled 144,000-sq-ft Cedar Park campus opened May 2026 (with a ~$110M EXIM loan set to fund further Texas production expansion per June 23, 2026 Reuters reporting), SciTec adding Golden Dome SBI and CBC2 data-fusion wins, a $48 follow-on offering closed June 1, 2026, and a July 7, 2026 $13M NASA JPL subcontract — the first award from the new Gloworks lab — to build the aeroshell for NASA's SkyFall Mars helicopter mission.

Revenue Streams

Alpha Launch Services

Dedicated small-satellite launch services for commercial, civil, and national-security customers, including tactically responsive missions and East/West Coast launch campaigns.

Blue Ghost Lunar Missions & Data Services

Lunar delivery, hosting, and operations revenue from NASA CLPS missions, commercial rideshares, and follow-on lunar data services such as the Blue Ghost Mission 1 addendum.

Elytra Orbital Services & Ocula Imaging

In-space maneuvering, payload delivery, long-haul communications, space domain awareness, and the Ocula lunar imaging service provided through the Elytra vehicle family.

Eclipse Medium-Lift Launch Services

Future medium-lift launches for commercial spacecraft, space station resupply, scientific payloads, and national-security missions through the Northrop Grumman partnership.

Defense Software & Data Processing

Mission software, AI-enabled analytics, data processing, and classified ground infrastructure added through the SciTec acquisition for missile warning, space domain awareness, and other national-security programs.

Planetary & Advanced Structures (Gloworks)

Planetary entry-descent-and-landing hardware and advanced-composite structures developed through Firefly's new Gloworks innovation lab in Cedar Park. Its first award is a $13M NASA JPL subcontract to build the aeroshell for NASA's SkyFall Mars-helicopter mission (targeted to launch late 2028), extending Firefly beyond launch, lunar, and defense into Mars entry-descent-and-landing hardware.

Key Metrics

Employees

1,300+

Est. Annual Revenue

$420M-$450M (2026 guidance)

Q1 2026 Revenue

$80.9M

2026 Revenue Guidance

$420M-$450M

Backlog

~$1.3B (as of Mar 31, 2026)

Alpha Launches

7 (Block II debut on Flight 8 targeted late summer 2026)

Contracted Lunar Missions

6 (through ~2029; sixth added via a $144M NASA CLPS task order in June 2026)

Responsive Launch Record

24-hour notice

Timeline

2026Alpha returns to flight

Alpha Flight 7 successfully reaches orbit, deploys a Lockheed Martin demo payload, and validates key Block II upgrades ahead of Flight 8.

2026Record Q1 revenue and Golden Dome work

Firefly reports $80.9M of Q1 revenue, maintains $420M-$450M full-year guidance, and says Q1 momentum included Golden Dome interceptor work, Blue Ghost milestones, Alpha Flight 7, and responsive-space demonstrations.

2026SciTec wins Space Force Golden Dome SBI agreement

On May 4 Firefly subsidiary SciTec receives an Other Transaction Authority agreement from U.S. Space Force Space Systems Command under the Space-Based Interceptor (SBI) program, part of a 20-agreement, $3.2B effort across 12 companies to build out the Golden Dome space-based missile defense layer by 2028.

2026$75M NASA JPL MoonFall subcontract for south-pole drones

On May 26 NASA's Jet Propulsion Laboratory awards Firefly a $75M subcontract for the MoonFall mission, in which Firefly's Elytra transfer vehicle will carry four drones over a ~45-day cislunar transit, enter lunar orbit, and deploy the drones about 50 km above the surface to survey the lunar south pole — including permanently shadowed regions — for NASA's Moon Base initiative, launching no earlier than 2028.

2026$48 public follow-on offering closes

Firefly prices a public offering of 4M new shares plus 8M secondary shares from existing stockholders at $48.00/share (with a 1.8M-share underwriter option); the offering closed June 1, 2026 for general corporate purposes including supporting recently awarded programs.

2026Texas campus doubles to 144,000 sq ft

On May 19, 2026 Firefly moves into an expanded Cedar Park headquarters that doubles its prior Texas footprint to 144,000 sq ft across two adjacent new buildings. The campus templates Blue Ghost into a production line capable of multiple annual lunar missions for NASA's Moon Base initiative, adds a cleanroom four times the size of the prior one for Blue Ghost and Elytra assembly, and stands up the new 'Gloworks' innovation lab for propulsion, carbon composites, robotics, and 3D printing R&D.

2026SciTec wins $5.5M CBC2 data fusion option

On June 2, 2026 Firefly subsidiary SciTec is selected by the U.S. Air Force PAE C3BM to deliver the operational data fusion system for the Cloud-Based Command and Control (CBC2) program — a $5.5M option exercised under an original $24M 2024 IDIQ award and supporting NORAD, USNORTHCOM, and PACAF homeland-defense battle management.

2026$110M EXIM loan to expand Texas spacecraft production

Per Reuters reporting (June 23, 2026), the U.S. Export-Import Bank is set to authorize a roughly $110M loan to Firefly to help fund the expansion of its spacecraft production facilities in Texas, with EXIM's board poised to vote on the financing. The facility carries a 12-month availability period and a 10-year repayment term and is expected to create about 200 jobs, part of an EXIM initiative to help U.S. firms compete globally in AI, space, and other high-tech sectors.

2026Acquires AI navigation firm Space-ng

On June 25, 2026 Firefly acquires Space-ng, a developer of AI-powered vision navigation and autonomous guidance software and camera hardware whose technology flew on Blue Ghost Mission 1 — helping detect hazardous lunar terrain and autonomously redirect the lander to a safe touchdown in Mare Crisium. The capability will support Firefly's Blue Ghost landers and Elytra orbital vehicles and be offered to government and commercial customers under the Firefly brand; Space-ng co-founder Ethan Rublee joins as chief engineer of software. Financial terms were not disclosed.

2026Esrange milestone for European Alpha launches

On June 30, 2026 Firefly and Swedish Space Corporation announced completion of critical milestones toward orbital Alpha launches from Esrange Space Center in Sweden — including the launch control center, payload processing facility and vehicle integration building, with the pad now in final construction. The effort is underpinned by a U.S.-Sweden Technology Safeguards Agreement making Sweden only the sixth country with such a pact; the first orbital launch from Esrange is targeted for 2028.

2026$144M NASA CLPS award for accelerated Blue Ghost Moon mission

On June 30, 2026 NASA awards Firefly a $144M Commercial Lunar Payload Services task order for an accelerated Blue Ghost mission — the company's sixth contracted lunar mission — targeting a 2028 launch. Firefly says it will design, build and deliver the mission in about two years, roughly half the time of Blue Ghost Mission 1, by leveraging its proven build-to-print lander and flight data from its first successful landing, supporting a shift from one annual Moon landing to multiple missions per year.

2026$13M NASA JPL subcontract to build the SkyFall Mars aeroshell

On July 7, 2026 Firefly announced a $13M subcontract from NASA's Jet Propulsion Laboratory to manufacture, test, and deliver the aeroshell for NASA's SkyFall mission to Mars, targeted to launch in late 2028. SkyFall will deploy three heritage Mars helicopters via a mid-air 'SkyFall Maneuver' entry capsule to demonstrate airborne subsurface mapping and resource prospecting. Firefly will qualify and flight-accept the aeroshell at its Rocket Ranch before delivering it to JPL — the first award to come out of Firefly's newly opened Gloworks innovation lab, and its first Mars entry-descent-and-landing hardware program.

2025Eclipse named and backed by Northrop investment

Northrop Grumman invests $50 million to advance Firefly's medium-lift vehicle, which is officially named Eclipse.

2025Blue Ghost completes first fully successful commercial Moon landing

Blue Ghost Mission 1 lands on the Moon and completes more than 14 days of lunar surface operations, setting the longest commercial operations on the Moon to date.

2025IPO and SciTec acquisition

Firefly prices its upsized IPO, begins trading on Nasdaq as FLY, and then closes the SciTec acquisition to add defense software, data processing, and classified mission infrastructure.

2022Alpha reaches orbit

Alpha successfully reaches orbit on its second flight, "To The Black," making Firefly operational in the 1,000-kilogram launch class.

2017Relaunch under new ownership

Noosphere Ventures acquires assets and relaunches as Firefly Aerospace.

2014Founded

Tom Markusic founds Firefly Space Systems (later Firefly Aerospace).

Funding

Cumulative disclosed raise · dated rounds

$1B$2B20142017202020232026$1.6B raised
RoundDateAmountInvestorsSource
Private funding2014–2024$589M+Noosphere Ventures, AE Industrial, DADA Holdings, and others
Northrop Grumman investment2025$50MNorthrop Grumman
Initial public offering2025$933.1M net proceedsPublic offering (NASDAQ: FLY)