Firefly Aerospace Inc, a US rocket and space company, with deep Ukrainian roots, plans to

Firefly Aerospace Inc, a US rocket and space company, with deep Ukrainian roots, plans to raise $350 million to scale up production and work on a medium-class launch vehicle, Space News reports from Washington. “In the next five years we want to take Firefly from a $1 billion company when we go out and fly Alpha,” Firefly’s CEO Tom Markusic, told an IPO webinar on Thursday. By developing Beta, a medium-class launch vehicle, Firefly aims in five years to become “a $10 billion company.” Owned by Ukrainian-American entrepreneur Max Polyakov and his investment fund, Noosphere Ventures, Firefly hopes to launch its Alpha rocket this spring from Vandenberg Air Force Base in California.