Start-up rocket firm Firefly lays off all its staff as funding falters

by | Oct 4, 2016 | commercial launch services, Launches, Seradata News, Technology | 0 comments

Firefly Space Systems, the US-based start-up in small launch vehicles, has laid off all its staff after a funding crisis. Rumours of the firm’s problems had been circulating at the International Astronautical Congress 2016 (IAC 2016) in Guadalajara, Mexico, after its staff failed to turn up to present technical papers at the event.

These rumours have now been confirmed in a report by Jeff Foust in Space News.  

According to the report, one of Firefly’s European investors suddenly pulled out of the venture, with the British “Brexit” decision to leave the European Union cited as a partial cause. The firm is also embroiled in a legal battle over intellectual property rights with the air-launched rocket firm, Virgin Galactic. One of Firefly’s founders and lead designers, Thomas Markusic, previously worked at that firm.

Firefly was designing a two-stage liquid-fuel launch vehicle, Alpha, using a new quasi-rocket engine, which partially employed an aerospike configuration with a plug cluster of multiple smaller conventional nozzles feeding the system. An aerospike offers increased efficiency in compensating for altitude. Originally the vehicle was to have been ground launched, but a design change resulted in an air-launch concept. The rocket was designed to carry 200 kg payloads to a sun-synchronous near polar low Earth orbit.

The firm had already received a single Venture-class launch demonstration contract from NASA, to be flown in 2018. It is also in receipt of technology development contracts from DARPA and other US Defence organisations.

 

About Seradata

Seradata produces the renowned Seradata database. Trusted by over 100 of the world’s leading Space organisations, Seradata is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to https://www.seradata.com/product/

Related Articles

Categories

Archives

Tags

nasaspacexecoreviewsissesaArianespacevideochinaFalcon 9v1.2FT Block 525virgin galacticULAfalcon 9evaRoscosmosspacewalkDGAaviation weekBlue OriginInternational Space StationaresIGTsoyuzRocket LabBeidouawardsStarlinkspaceAirbus DSboeingSatellite broadcastingrussiamoonOneWebISROCargo Return VehiclemarsblogresearchspaceshiptwojaxaorionmarsimpactdelayhyperbolaEutelsatdemocratrocketlunarhypertextobamagoogle lunar prizelaunchVegathales alenia spaceSESconstellationtourismbarack obamafiguresnorthspaceflightIntelsatnode 2fundedRaymond Lygo2009Lockheed MartinExpress MD-2Elon MuskAtlas Vromess2dassault aviationaviationLucy2008wk2sstlukradiosuborbitaltestmissiledocking portexplorationAriane 5 ECAVirgin OrbitinternetSLSLong March 2D/2ElectronNorthrop GrummanChina Manned Space Engineeringsts-122Ariane 5missile defensenewspapercotsgalileospace tourismflight2010Long March 4CspaceportExpress AMU 1buildspace stationaltairsoyuz 2-1aProton Minternational astronautical congressshuttlespace shuttleAriane 6scaled compositesIntelsat 23European Space AgencyLauncherOneCosmoshanleybudgetrulesnew yorkatvVietnamshenzhoucongressMojaveboldennew shepardLong March 2CInmarsatOrbital ATKcnesiaclunar landerGuiana Space CenterApollolawsUS Air ForceSpace Systems/LoralUK Space AgencyLong March 4BKuaizhou 1AkscILSprotondarpaTalulah RileyElectron KSFalcon 9v1.2 Block 5Vega CNorth KoreaeuSkylonAstriumpicturebaseusaastronautdragonlanderfiveeventTelesatSSLAprilSNC50thinterviewLong MarchSea LaunchfalconWednesdaycustomerlinkatlantissuccessor

Stay Informed with Seradata

Stay informed on the latest news, insights, and more from Seradata by signing up for our newsletter.