Firefly’s vision is to significantly reduce the cost of access to space, by assembling a team of like-minded individuals to build the next generation of spacecraft. Firefly's spacecraft are designed to satisfy a large market need.
Currently there is a need for a dedicated small satellite launcher in the half-metric-ton payload class. Firefly is focused on developing & deploying this launcher, to provide low-cost, high-performance space launch capability. In the under-served small sat market, secondary-payload launches are often the only option.
Our first product, Firefly Alpha will attempt to change this. Capable of lifting 400kg to a 400km equatorial orbit, Alpha will be designed for mass production and to potentially fly up to 50 times a year.
The technologies employed in our state-of-the-art rockets provide a clear pathway for future incremental improvements in capability. Later vehicles will have reusable elements and employ air-breathing propulsion.
Firefly’s flagship launch vehicle, Alpha, is planned to be a two-stage rocket with variants capable of delivering 400-840kg payloads to Low Earth Orbit (LEO) utilizing efficient technologies including all-composite propellant tanks, an annular aerospike, & conventional engines running Liquid Oxygen (LOx)/hydrocarbon propellants. Developmental operations are highly streamlined with design and engineering, manufacturing, test-site and ground processing all located in central Texas.
To maximize commercial opportunity, Firefly's goal is to get to market first. This fundamental consideration drives the selection of technologies in the design of Alpha. The second consideration is fielding a vehicle with the lowest launch costs in the industry. These factors demand a “simplest-soonest” approach to tech selection.
Based on conversations with customer, the market suggests a price of $8-9M per launch will be competitive, while a price under $3M would likely stimulate significant growth in the market. Firefly aims to produce vehicles in large volumes at a marginal cost of around $1M.
One evening, our CEO Tom lay on his porch, overlooking the meadow that made up his backyard, when he noticed fireflies appearing in the dusk. First a few then many more were gently floating in the air... coming into view... then disappearing again. What if one day, humans could look up at the heavens and see lights emanating from hundreds, or even thousands of rockets, crossing our solar system - and maybe the galaxy? Thus the name Firefly was born.
Many of us at Firefly have dreamed of space since we were children. Most of us have advanced degrees in physics, aerospace engineering, materials science, electronics, etc. Others have decided to make the space business the focus of their professional careers.
Our experience sets us apart from our competitors. Many of us have worked together going back to 2005. We've worked at places like SpaceX, Blue Origin, Virgin Galactic and Lockheed Martin. Our CTO, Shey Sabripour, was responsible for sending 38 large satellites and interplanetary probes into space. Our CEO, Tom Markusic, was the Falcon 9 First Stage Test Director and Director of the Texas Test Site at SpaceX. He was also Chief Engineer for Virgin Galactic's LauncherOne small-sat launcher. Anne Chinnery, who oversees our launch operations, was previously responsible for coordinating launch operations at SpaceX, including design for the first ever private commercial vertical launch site. The list goes on...
Frequently Asked Questions
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Firefly Space Systems. Once Firefly Space Systems accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Firefly Space Systems in exchange for your shares. At that point, you will be a proud owner in Firefly Space Systems.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.
Currently there is no market or liquidity for these shares. Right now Firefly Space Systems does not plan to list these shares on a national exchange or another secondary market. At some point Firefly Space Systems may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Firefly Space Systems either lists their shares on an exchange, is acquired, or goes bankrupt.
You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.
This is Firefly Space Systems's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.
This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Firefly Space Systems’s profile.