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Firefly Aerospace is acquiring defense tech firm SciTec for $855 million to expand into national security, even as it faces technical setbacks with its Alpha rocket.
Space industry leaders discussed the future of Martian commerce, the critical need for lunar power, and the rising influence of China's space program at a recent summit.
Firefly Aerospace plans to acquire defense contractor SciTec for $855 million, a strategic move to combine its launch capabilities with SciTec's missile defense software.
A Firefly Aerospace Alpha rocket exploded during a pre-flight static fire test at its Texas facility. The company confirmed no injuries and has begun an investigation.
