Setting Cosmic Ambitions for Ukraine

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Firefly CEO speaks out against online criticism and ties between investor and shady sites

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So Mehmed the Hunter, an Islamic holy warrior who reigned for four decades, wrote to the piratical Cossacks living in what is modern Ukraine and demanded their surrender. The cretins must bow to the cultured. Today, a large painting that dominates one wall of Tom Markusic’s office depicts the Cossack response to Mehmed.

On the canvas, a dozen rough-looking, hard-drinking men have gathered around a scribe, pointing, smoking, and laughing uproariously. The scribe is writing a ribald, disparaging response. Markusic glances at the painting and explains, “Basically, they’re saying, ‘Don’t worry about coming to get us—we’re coming to get you. The Lone Star State is a long way from Ukraine, where the painting is much-beloved. And though Markusic himself is not a hard-drinking Cossack, he draws inspiration from the story of the rebellious Zaporozhian Cossacks.

One of their descendants salvaged his dreams. Markusic’s rocket company, Firefly, was left for dead in when its funding dried up. In those last desperate days, as Firefly burned through a million dollars a week, Markusic spent most of his time chasing investors.

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Firefly Aerospace [3] [4] is an American private aerospace firm based in Austin, Texas, that develops small and medium-sized launch vehicles for commercial launches to orbit. They are proponents of NewSpace : a movement in the aerospace industry whose objective is to increase access to space through innovative technical advances resulting in a reduction of launch cost and the lessening of regulations and logistical restrictions associated with dependence on national space institutions.

Firefly Aerospace is wholly owned by Noosphere Ventures, [6] [7] [8] [9] the strategic venture arm of Noosphere Global. It aims to place a kg payload into a low Earth orbit and kg into a Sun-synchronous orbit. King and Michael Blum [15] and a small group of entrepreneurs who self-funded the company. In , Firefly purchased fiber-winding equipment for manufacturing composite cryotanks that will be built using an out-of-autoclave process.

Prototype tanks were tested at Marshall Space Flight Center in mid The Firefly Alpha design was revealed in July In December , Tom Markusic’s former employer Virgin Galactic alleged he had illegally provided Virgin intellectual property to the Alpha development team. Virgin also alleged that Markusic had “destroyed storage devices, disposed of computers, and reformatted hard drives to cover the tracks of his misappropriation of Virgin Galactic information”.

Thereafter, a major European investor backed down, leaving Firefly without sufficient money to proceed. The company furloughed its entire staff in October According to Markusic, the investor’s drawback was not related to the litigation but to Brexit.

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Firefly Aerospace, one of several new rocket companies working on orbital launch services, has pushed back its first launch to early due to supplier delays. No change there. It has been funded by Noosphere Ventures, the strategic venture arm of Noosphere Global. A leading investor in Noosphere is Ukrainian technologist and investor Max Polyakov.

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Firefly Aerospace ‘s CEO Tom Markusic is refuting reports of questionable comments and ties between his company’s biggest investor and shady, online hookup sites. Journalists at the fact-checking site Snopes recently investigated a possible tie between Firefly Aerospace and a web of deceptive online dating sites. Additionally, following an interview with Markusic by Texas Monthly , the company and its leadership received online backlash and questioning. But, according to Markusic, these recent negative assumptions about him or the company are just a big misunderstanding.

Noosphere Ventures, Firefly’s largest investor, released a full statement in response to the situation and refuting the claims made in the Snopes piece. Noosphere Ventures projects and its C-level management have an impeccable reputation. Video: Firefly Aerospace rocket engine test ends in fire video.

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