Firefly Aerospace Raises $175 Million in New Funding Round (1)

Firefly Aerospace Inc. has raised $175 million in a fresh round of funding, valuing the Texas rocket and spacecraft builder at more than $2 billion.

New investor RPM Ventures led the latest capital injection, part of a Series D funding round. Firefly Aerospace’s valuation is up from $1.8 billion after closing its last funding in November of 2023.

Other new investors include GiantLeap Capital and Human Element, the company said Tuesday in a statement, confirming an earlier Bloomberg News report.

Firefly Chief Executive Officer Jason Kim said the company has used earlier funding rounds to more than double its ...