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Launch startups Astra and Firefly ink secret rocket engine IP deal
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First rocket engine test a success for Firefly Space Systems
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Shey Sabripour
Shey Sabripour is the founder and CEO of CesiumAstro, Inc. Shey has nearly three decades of leadership success in design, development and execution of LEO and GEO telecommunication satellites, launch vehicles, and other interplanetary space vehicles.
During his 24 years of continuous career with Lockheed Martin Space Systems, Shey served as a design engineer, technology innovator, program manager and ultimately, the Director of Spacecraft Design responsible for an organization of 370 engineers, scientists, and business professionals in missions ranging from $100M to $1B.
From 2001 through 2005 Shey served as the Director of Agile Payload Program, where he led a multidisciplinary team for design, development, qualification, and successful flight of the first Lockheed Martin Commercial Active Phased Array Payload. His last program at Lockheed Martin was in the design, development, qualification, and production of the United States Navy’s first MUOS communication sat
Firefly Aerospace raises $75M Series A at a $1B+ valuation, plus $100M in secondary sale
Firefly Aerospace has raised a total of $175 million, across a $75 million Series A round that valued the company north of $1 billion, and a $100 million secondary transaction which consisted of the sale of holdings held by primary Firefly investor Noosphere Ventures. The launch startup also announced that it intends to raise another $300 million later in 2021, after its forthcoming inaugural Alpha rocket launch, which is currently targeting a June take-off.
Firefly is one of a crop of new commercial launch providers aiming to follow in the footsteps of SpaceX and Rocket Lab, with a goal of serving the growing small satellite launch market. The company has been developing its Alpha rocket for the past few years, and has also been awarded commercial and civil government launch contracts from NASA, General Atomics and others. The Texas-based startup has had its share of setbacks, including the ba