Firefly Aerospace, a Texas-based rocket and spacecraft builder, has successfully raised $175 million in a Series D funding round, valuing the company at over $2 billion. The round was led by RPM Ventures, a new investor to Firefly, and was oversubscribed. Firefly plans to use the new capital to expand its market reach with its Elytra spacecraft, move to full rate production of its Alpha launch vehicle, and accelerate hardware qualification for new vehicles in development. This funding comes as Firefly prepares for a significant year in orbit, with plans to land on the Moon.