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In March 2017, it was announced that "virtually all" of the assets of Firefly would be sold at auction, organized by EOS Launcher, Inc., who had previously bought a US$1 million promissory note issued by Firefly to Space Florida and induced a foreclosure.
Development of engines and structures resumed in 2017 and Firefly Aerospace performed multiple hot-fire tests of its Lightning-1 second stage engine on its existing horizontal test stand.
On 17 May 2018, Firefly Aerospace opened a Research and development (R&D) center in the city of Dnipro, Ukraine.
In November 2018, it was announced that NASA selected Firefly Aerospace as one of nine companies able to bid for Commercial Lunar Payload Services (CLPS), where the company would propose a robotic lunar lander called Firefly Genesis.
The SpaceX Falcon Heavy test launch of 2018 brought tourist crowds to the Space Coast not seen since the shuttle era.
A vertical stage test stand was nearing completion and stage testing was expected to begin in the second half of 2018.
In February 2019, the company announced that it would develop manufacturing facilities and a launch site at Cape Canaveral.
In December 2019, a group of primary shareholders of Firefly Space Systems filed a lawsuit alleging fraud and intentional bankruptcy of the company by Tom Markusik.
Firefly launched their first test flight on 3 September 2021.
In late November 2021, Maxim Polyakov received a letter from the US Committee on Foreign Investment (CFIUS) asking Polyakov and his investment firm Noosphere Venture Partners to sell a stake in Firefly (nearly 50%) for national security reasons.
On February 24, 2022 it was announced that Polyakov and his company Noosphere will sell their stake in Firefly to AE Industrial Partners.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| SpaceX | 2002 | $2.0B | 9,500 | 1,199 |
| Blue Origin | 2000 | $42.8M | 3,500 | 1,000 |
| Axiom Space | 2016 | $90,000 | 350 | 45 |
| CesiumAstro | 2017 | $220,000 | 86 | 283 |
| Masten Space Systems | 2004 | $3.3M | 84 | 9 |
| Northrop Grumman | 1939 | $41.0B | 97,000 | 3,079 |
| United Launch Alliance | 2006 | $1.3B | 2,500 | 6 |
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Firefly Aerospace may also be known as or be related to Firefly Aerospace and Firefly Aerospace Inc.