Diligence memo · auto-generated · as of July 2, 2026

Firefly Aerospace Inc.

Firefly Aerospace Inc. has raised $492M over 5 rounds; too few niche peers to rank its valuation yet.

SourceRaising on rhythm with a 14.3× step-up on the last round — momentum worth tracking before it's priced in.

Businessfiled

Firefly Aerospace Inc. operates in Space / Aerospace, based in CEDAR PARK.

Sub-sector tags: space/aerospace.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

Firefly Aerospace Inc. has raised $492M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).

Largest single filing: $179M on 2023-02-02.

Most recent recorded round closed around 2024-10-31.

Valuation (modeled)modeled

Provath models Firefly Aerospace Inc. at approximately $1.6B (range $845M–$2.1B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Too few comparable companies in this niche to rank the valuation fairly yet.

Financing rhythm & timingmixed

Historic cadence: a new round about every 9 months.

Last raise 20 mo ago; this sector typically re-raises about every 12 months.

Slightly overdue versus sector cadence.

The last round stepped up 14.3× from the prior — scaling.

Comparablesmixed

Capital scale ranks ahead of 98% of Space / Aerospace peers (133 compared).

Modeled value ranks above 96% of those peers.

Closest niche peers: West Star Aviation Investments, LLC.

Peoplefiled

24 named people on file across officers, directors and signatories.

Risks & flagsmixed

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.