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Firefly Aerospace has a new majority owner as the Central Texas-based aerospace company prepares for its second rocket launch.

AE Industrial Partners, a private equity firm, has acquired a majority stake in Firefly Aerospace, the company announced.

The Cedar-Park-based company also raised $75 million in a funding round led by AE Industrial Partners. Firefly said it now estimates its valuation at more than $1 billion.

Pete Davidson was initially slated to be the next headline-grabbing name to take flight aboard the suborbital space tourism rocket developed by Jeff Bezos’ company, Blue Origin, after the commercial space company launched several other famous faces on its previous flights.

But the comedian abruptly dropped out of the mission after a schedule change pushed the flight back by a week. His seat was given to longtime company employee Gary Lai, the chief architect of the very rocket he’ll fly on. Lai will be joined by five paying customers who had the means to dish out an undisclosed sum for one of the coveted crew capsule seats.

Liftoff of the New Shepard launch vehicle had been scheduled for Tuesday morning, but the company said that it’s expecting rough winds at its facilities near Van Horn, Texas at that time. Blue Origin is now targeting Thursday at 8:30 am CT. Those interested in catching the action — which is expected to look much like Blue Origin’s three earlier suborbital jaunts — can tune into Blue Origin’s webcast Thursday morning.

SpaceX CEO Elon Musk drops some key new information about the first Starship orbital flight test timeline and dropping SN20 prototype from this test.


SpaceX has been preparing for the first Starship orbital flight test since the last year. But this experiment is getting delayed due to one reason or another as time elapsed.

Initially, SpaceX wanted to perform the first Starship orbital flight experiment with the more stable and tested SN20 prototype (aka Ship 20).