Firefly was created to provide low-cost, high-performance space launch capability for the under-served small satellite market, where secondary-payload launches are often the only option. Firefly’s primary focus is creating the world’s best and lowest cost light satellite launch vehicle by using proven rocket technologies and employing mass production processes. Current launch vehicles are not designed specifically to service the growing demand for small satellite launches. Many of the current vehicles are too large or too expensive to be viable options, and "ride sharing" often comes with drawbacks that undermine its viability as a long term solution for commercial interests.
Today every rocket launch is highly customized – the goal is for Alpha to be available “off the shelf”. At full capacity, Firefly aims for Alpha launches to be a scheduled service, launching weekly, driving volume purchases by offering discounts on multiple orders.
Firefly Alpha, the first launch vehicle in Firefly's line-up, is a two stage, pressure fed, all carbon-composite rocket, built using Firefly's design philosophy, emphasizing proven technologies to make production simpler and cost lower. Firefly aims to use as few parts as possible, and when multiple parts are necessary, they use as many of the same part as possible, thus reducing complexity. Alpha's carbon fiber structure (as opposed to traditional aluminum) allows much of the fabrication work to be automated.
The Firefly team has developed many key elements of the rocket: the propulsion system, the structures, and avionics. They have additionally made progress in fabricating those elements. They have engineered compact, low cost spaceflight avionics systems to replace larger (and heavier), more expensive legacy systems. They have created thrust chambers, and are machining additional chambers. Further, they have conducted key tests, including multiple successful "hot fires" of the engine, and testing of the cryogenic tanks.
Firefly Alpha 1.0*
Payload: 200kg to Sun SynchronousOrbit; 400kg to 400km equatorial Low Earth Orbit (LEO)
Length: 77 feet
Width: 6 feet (stage one); 5 feet (stage two)
Stage one propulsion: Pressure fed plug cluster aerospike fueled by LOx-RP1
Stage two propulsion: Pressure fed conventional bell fueled by LOx-RP1
Price/launch: $8 Million USD
Key enabling technologies:
- All carbon composite high pressure propellanttanks
- Advanced avionics suite with autonomous flight termination system
- Plug cluster aerospike first stage engine
* These figures represent management estimates and are meant for illustrative purposes. They do not represent guarantees of future results, levels of activity, performance, or achievements.
Firefly was created to provide low-cost, high-performance space launch capability for the under-served small satellite market, where secondary-payload launches are often the only option. Firefly believes that small satellites are playing an increasingly significant role in space. Along with former SpaceX and Virgin Galactic colleagues, Markusic and King founded Firefly in January 2014 because they did not believe that incumbent players were doing enough to address the small-satellite launch market.
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.
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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.
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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.