Firefly Systems rocket maker gets $19 million funding

firefly-cedarpark

Cedar Park-based Firefly Systems Inc. reported completing a $19 million funding. Photo: Firefly Space Systems

via Christopher Calnan, Austin Business Journal

Firefly Systems Inc., a Cedar Park-based space launch startup, reported raising $19 million of a planned $38.2 million financing.

The company that was founded in 2013 collected the capital from six investors, according to a Wednesday filing with the U.S. Securities and Exchange Commission

Firefly Systems relocated its headquarters to Cedar Park last year. In September 2015, it successfully test-fired its first rocket engine design.

The brief experiment, conducted at Firefly’s test facility in Briggs, north of Austin, was the first in a long line of tests necessary before the rocket can be used to loft payloads into low-Earth orbit. The engine fired for about two seconds while firmly anchored to a stationary test stand, but it was enough to prove company engineers had the basics of their design on the right track.

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