Tag Archives: Aerospace
Firefly Aerospace prices shares at $45, above the expected range
The Blue Ghost Mission Operations Engineer, Jaxon Liebeck, showcases the Blue Ghost moon lander at Firefly Aerospace headquarters on Tuesday, Dec. 3, 2024 in Cedar Park.
Houston Chronicle/hearst Newspapers | Hearst Newspapers | Getty ImagesFirefly Aerospace priced shares in its IPO at $45 on Wednesday, above its expected range.
The Texas-based rocket maker will debut on the Nasdaq Thursday under the ticker symbol "FLY." The offering raised $868 million and values the company at about $6.3 billion.
Fireflyfiled its initial prospectus in Julyandupped its IPO rangethis week to $41 to $43 a share, from an initial range of $35 to $39.
The space technology sector has seen rising investor interest over the last few years as billionaire investors such as Elon Musk and Jeff Bezos put their money behind SpaceX and Blue Origin, respectively.
So far this year, space...
Aerospace report recommends greater DOD support of commercial space capabilities
Top Stories Tamfitronics A report by The Aerospace Corporation says the Defense Department should consider anchor tenancy of commercial space systems particularly in cases where there is not sufficient commercial demand to support them. Credit: Aerospace Corp.WASHINGTON — The Defense Department should step up support of commercial space companies to take advantage of capabilities that might otherwise be lost, a new report concludes.That recommendation is among several in a study called Space Agenda 2025 released Oct. 24 by The Aerospace Corporation and its Center for Space Policy and Strategy (CSPS). The report is intended to provide advice to the next administration on key topics in civil, commercial and national security space.In a briefing held in advance of the report’s release, Sam Wilson, systems director at CSPS, said the Defense Department is benefitting from growing commercial...
China’s Deep Blue Aerospace reveals suborbital tourism plans
Top Stories Tamfitronics Render of suborbital tourism systems from Deep Blue Aerospace. Credit: Deep Blue AerospaceHELSINKI — Chinese launch startup Deep Blue Aerospace targets providing suborbital tourism flights starting in 2027.Deep Blue Aerospace is currently developing its Nebula-1 reusable orbital rocket and is preparing for a new vertical takeoff, vertical landing (VTVL) test in November. A full orbital flight and recovery is planned for 2025. The company lost a first stage in the final moments of a 179-second VTVL test flight in September.While looking to secure contracts for satellite launches, Deep Blue Aerospace will soon look to space tourism.“After the Nebula-1 rocket will undergo multiple recovery and reuse tests in 2025, the Deep Blue Aerospace crew spacecraft-rocket combination will also undergo dozens of tests in 2026 to ensure the safety and reliability of suborbital manned...
Deep Blue Aerospace secures strategic funding, landmark VTVL rocket test soon
Top Stories Tamfitronics The Nebula-M1 test article during its VTVL test flight above Tongchuan, Shaanxi Province, on May 6, 2022. Credit: Deep Blue AerospaceHELSINKI Chinese commercial rocket firm Deep Blue Aerospace announced new funding Tuesday, with a 100-kilometer-level launch and landing test scheduled for later this month.Deep Blue Aerospace announced the successful completion of its B3 strategic financing round Aug. 13 without disclosing the amount of funds raised. It follows a number of funding rounds secured this year by the company.The new round was led by Zhengyue Investment, a strategic investment firm focused on high-growth sectors, and Zhenghe Yunfan Fund, a private equity fund particularly active in industries such as defense technology and advanced manufacturing.Both funds are examples of how private equity and venture capital in China are increasingly aligned with national...
