Firefly inks $1.3 billion deal to supply engines for new AST SpaceMobile 'Blacklift' rocket

By Reuters News

By Joey Roulette

- Firefly Aerospace FLY.O will supply core engines for a new rocket under development by satellite communications firm AST SpaceMobile ASTS.O in a $1.3 billion deal, underscoring a push among satellite companies to secure dependable access to space.

The engine deal, announced on Friday, is a key part of new plans by AST SpaceMobile to develop its own heavy-lift rocket named Blacklift as it races to deploy a satellite constellation for global cellular broadband service and wean itself off a reliance on third-party rockets like SpaceX's Falcon 9.

Firefly will build and supply 27 of its new Miranda engines and 9 in-space Vira engines for the first three Blacklift rockets under the agreement, which also grants a license to AST to eventually manufacture the engines itself.

AST said it is targeting late 2028 for the debut launch of Blacklift, an ambitious development timeline. The company said the rocket is "designed for reusability" and can loft up to five of its BlueBird satellites per launch.

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk