FIREFLY Folds: All lose jobs

October 4, 2016

In the Summer of 2016, Camden County officials were touting Firefly Space Systems of as a potential launch company for Spaceport Camden. As recently as June 2016 Firefly had announced that it was the recipient of more than $19 million in new funding. In October 2016, Firefly furloughed all employees as it ran out of cash. 

 

As with XCOR, Spaceport Camden will be dependent on the unfounded success of companies like Firefly that are high risk, speculative and are greatly hyped.

 

Firefly Raises $19 Million

 

And historically have undependable funding:

 

 

 

Firefly Space Systems Folds

 

Firefly Assets Sold

 

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