Raven One Ventures, Firefly said that its seed investor, Noonsphere Ventures, led by Dr. Max Polyakov, sold approximately $100 million of its Firefly holdings to certain Series A participants and other investors through secondary transactions to satisfy demand to participate in the round. Noonsphere Ventures is still the largest investor in Firefly. Firefly is approaching the first launch of its Alpha small launch vehicle. It has completed acceptance testing for Flight 1, and the vehicle has been fully installed on Firefly’s Vandenberg Air Force Base Space Launch Complex 2 (SLC-2) launch site. CEO Dr. Tom Markusic said in the release that after the first launch, the company also intends to raise an additional $300 million later this year to fund its growth plans for new spacecraft and launch vehicle development through 2025.