Tag: Jason Kim
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Firefly Aerospace Acquires Space-ng to Expand Autonomous Spacecraft Capabilities
Firefly Aerospace has acquired AI-powered spacecraft navigation company Space-ng, strengthening its software capabilities for future lunar, orbital and defence missions. Financial terms of the transaction were not disclosed. Space-ng will be fully integrated into Firefly, with Space-ng co-founder and Chief Executive Officer Ethan Rublee assuming the newly created role of Chief Engineer of Software, where…
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Firefly Aerospace Launches Alpha Flight 7, Tests Block II Upgrades Ahead Of Next Mission
U.S. space and defense company Firefly Aerospace successfully launched its Alpha Flight 7 “Stairway to Seven” mission, sending a demonstrator payload for Lockheed Martin into orbit while testing upgrades planned for the rocket’s next configuration. The Firefly Alpha rocket lifted off from Space Launch Complex 2 at Vandenberg Space Force Base at 5:50 p.m. PDT…
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Firefly Aerospace Unveils Block II Upgrade for Alpha Rocket Ahead of Flight 7
Firefly Aerospace said it has introduced a Block II configuration upgrade for its Alpha launch vehicle, aiming to improve reliability, streamline production and enhance launch operations as demand grows across commercial, civil and national security missions. The U.S.-based space and defense company said Alpha Flight 7, targeted for launch in the coming weeks, will be…
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Firefly Aerospace Completes Acquisition of SciTec, Expanding Defense and Space Capabilities
Firefly Aerospace has officially completed its acquisition of SciTec, Inc., solidifying a major expansion of the company’s defense and space technology portfolio. The deal, first announced on October 5, was finalized through a combination of cash and Firefly common stock paid to SciTec’s owners. Firefly CEO Jason Kim said the acquisition marks a defining moment…
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Firefly Aerospace Reports 98% Jump in Q3 Revenue, Raises Full-Year Guidance Despite Wider Loss
Firefly Aerospace reported a strong third quarter, with revenues surging 98% quarter-over-quarter to $30.8 million, prompting the company to raise its full-year revenue guidance to between $150 million and $158 million. The announcement, released after market close on Wednesday, sent Firefly’s stock up more than 15% in after-hours trading, though shares remain well below the…