The Series D fundraising round was "oversubscribed" and netted Firefly $175 million.

Firefly Aerospace has raised $175 million in a late-stage funding round led by RPM Ventures, valuing the space startup at more than $2 billion, it said on Tuesday.

Seattle-based Spaceflight Inc. has signed an agreement to secure most of the payload mass on a Firefly Aerospace rocket that's due to lift off from California's Vandenberg Air Force Base in 2021. The agreement, announced today, establishes Spaceflight as the mission's anchor customer and commits the company to managing the logistics for multiple payloads on the Firefly Alpha rocket. That should help Firefly maximize use of the rocket's 630-kilogram (1,389-pound) capacity for a launch to sun-synchronous orbit. Texas-based Firefly Aerospace is planning to launch the Alpha on its maiden flight from Vandenberg later this year. The company suffered a setback in… Read More