Raise your hand if you remember Firefly Space Systems, the start-up space company that went bankrupt and had its assets sold at auction in 2017.

Now raise your hand if you've heard about Firefly Aerospace, which bought the assets of Firefly Space Systems in its bankruptcy and was recently valued at more than $1 billion. The new Firefly has conducted two launches of its Alpha space rocket (the second made it to orbit, despite being deemed a partial failure). A third launch may happen as early as later this month, demonstrating Alpha's ability to deliver one-ton payloads to low Earth orbit for the U.S. Space Force on short notice. (The precise date of launch will depend on when Space Force asks for it.) 

But that's only the beginning of the story.

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Source Fool.com