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Firefly Aerospace
Firefly Aerospace, Inc. is an American private aerospace firm based in Cedar Park, Texas, that develops small- and medium-lift launch vehicles for commercial launches to orbit. The current company was formed when the assets of the former company Firefly Space Systems were acquired by EOS Launcher in March 2017, which was then renamed ''Firefly Aerospace''. Firefly's stated purpose is to increase access to space, similar to other private spaceflight companies. History Firefly Space Systems Early growth Firefly Space Systems began as a startup in January 2014 by Tom Markusic, P.J. King, Michael Blum, and a small group of entrepreneurs who self-funded the company. In November 2014, Firefly moved its headquarters from Hawthorne, California to Austin-suburb Cedar Park, Texas. It grew to 43 employees by November 2014, and purchased of land for an engine test and manufacturing facility in Briggs, Texas, north of Austin. In 2014, Firefly purchased fiber-winding equipment fo ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Cryogenic Rocket Engine
A cryogenic rocket engine is a rocket engine that uses a cryogenic fuel and oxidizer; that is, both its fuel and oxidizer are gases which have been liquefied and are stored at very low temperatures. These highly efficient engines were first flown on the US Atlas-Centaur and were one of the main factors of NASA's success in reaching the Moon by the Saturn V rocket. Rocket engines burning cryogenic propellants remain in use today on high performance upper stages and boosters. Upper stages are numerous. Boosters include ESA's Ariane 6, JAXA's H-II, ISRO's GSLV, LVM3, NASA's Space Launch System. The United States, Russia, India, Japan, France and China are the only countries that have operational cryogenic rocket engines. Cryogenic propellants Rocket engines need high mass flow rates of both oxidizer and fuel to generate useful thrust. Oxygen, the simplest and most common oxidizer, is in the gas phase at standard temperature and pressure, as is hydrogen, the simplest f ...
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Tap-off Cycle
The combustion tap-off cycle is a power cycle of a bipropellant rocket rocket engine, engine. The cycle takes a small portion of hot exhaust gas from the rocket engine's combustion chamber and routes it through turbopump turbines to pump fuel before being exhausted (similar to the gas-generator cycle). Since fuel is exhausted, the tap-off cycle is considered an open-cycle engine. The cycle is comparable to a gas-generator cycle engine with turbines driven by main combustion chamber exhaust rather than a separate gas generator or preburner. The Rocketdyne_J-2#J-2S, J-2S rocket engine, a cancelled engine developed by NASA, used the combustion tap-off cycle and was first successfully tested in 1969. By 2013, Blue Origin, with their New Shepard launch vehicle, had successfully Flight test, flight-tested the BE-3 engine using a tap-off cycle. According to Blue Origin, the cycle is particularly suited to human spaceflight due to its simplicity, with only one combustion chamber and a les ...
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Max Polyakov
Maksym "Max" Polyakov (born 30 June 1977) is an international technology entrepreneur, investor, economist, and philanthropist from Ukraine. Polyakov is a general partner in the venture fund Noosphere Ventures Partners LP which invests in a number of technology companies over the global scale. Polyakov has a business philosophy with deep scientific roots. He follows the idea of Ukrainian scientist Volodymyr Vernadsky who claimed that knowledge is the driving force behind every further positive development on Earth. Polyakov believes that space-based technologies can and should be used to solve problems on Earth. Education Maksym "Max" Polyakov was born in Zaporizhzhia, Ukraine. In high school, Polyakov won competitions in math and physics, then scholarships. In 2001, Polyakov graduated from Zaporizhzhia State Medical University as an obstetrician-gynecologist. In 2013, Polyakov was awarded a Ph.D. in International Economics and in 2019, earned a Doctor of Economic Sciences. ...
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Foreclosure
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has Default (finance), stopped making payments to the lender by forcing the sale of the asset used as the Collateral (finance), collateral for the loan. Formally, a Mortgage law#Mortgage lender, mortgage lender (mortgagee), or other lienholder, obtains a termination of a Mortgage law#Borrower, mortgage borrower (mortgagor)'s Equity of redemption, equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure). Usually, a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower default (finance), defaults and the lender tries to Repossession, repossess the property, courts of equity can grant the borrower the Equity of redemption, equitable right of redemption if the borrower repays the debt. While this equitable right exists, it is ...
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Promissory Note
A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the ''maker'' or ''issuer'') promises in writing to pay a determinate sum of money to the other (the ''payee''), subject to any terms and conditions specified within the document. Overview The terms of a note typically include the :wikt:principal, principal amount, the interest rate if any, the parties, the date, the terms of repayment (which could include interest) and the maturity date. Sometimes, provisions are included concerning the payee's rights in the event of a default (finance), default, which may include foreclosure of the maker's assets. In foreclosures and contract breaches, promissory notes under CPLR 5001 allow creditors to recover prejudgement interest from the date interest is due until liability is established. For loans between individuals, writing and signing a promissory note are often instrum ...
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Los Angeles County Superior Court
The Superior Court of Los Angeles County is the California Superior Courts of California, Superior Court located in Los Angeles County, California, Los Angeles County. It is the largest single unified trial court in the United States. The Superior Court operates 36 courthouses throughout the county. Currently, the Presiding Judge is Sergio C. Tapia II and David W. Slayton is the Executive Officer/Clerk of Court. They, together with 583 judicial officers and 4,800 employees, operate the nearly 600 courtrooms throughout the county, with an annual budget of over $1 billion. History When California declared its statehood in 1849 and became a part of the United States, the first California Constitution authorized the legislature to establish municipal and such other courts as it deemed necessary. The 1851 California Judiciary Act divided the state into districts, placing Los Angeles, San Bernardino, and San Diego counties into one district. Each district had its own court, below w ...
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Brexit
Brexit (, a portmanteau of "Britain" and "Exit") was the Withdrawal from the European Union, withdrawal of the United Kingdom (UK) from the European Union (EU). Brexit officially took place at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 Central European Time, CET). The UK, which joined the EU's precursors the European Communities (EC) on 1 January 1973, is the only member state to have withdrawn from the EU, although the territories of Greenland (part of the Kingdom of Denmark) previously left the EC in 1985 and Algeria (formerly French Algeria, part of France) left in 1976. Following Brexit, EU law and the Court of Justice of the European Union no longer have Primacy of European Union law, primacy over British laws but the UK remains legally bound by obligations in the various treaties it has with other countries around the world, including many with EU member states and indeed with the EU itself. The European Union (Withdrawal) Act 2018 retains relevant EU law as La ...
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Arbitral Tribunal
An arbitral tribunal or arbitration tribunal, also arbitration commission, arbitration committee or arbitration council is a panel of adjudicators which is convened and sits to resolve a dispute by way of arbitration. The tribunal may consist of a ''sole arbitrator'', or there may be two or more arbitrators, which might include a chairperson or an umpire. The tribunal usually consists of an odd number of arbitrators. Members selected to serve on an arbitration panel are typically professionals with expertise in both law and in ''friendly dispute resolution'' (mediation). Some scholars have suggested that the ideal composition of an arbitration commission should include at least also one professional in the field of the disputed situation, in cases that involve questions of asset or damages valuation for instance an economist. The parties to agree on arbitration are usually free to determine the number and composition of the arbitral tribunal. Many jurisdictions have laws with gen ...
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Space Coast
The Space Coast is a region in the U.S. state of Florida around the Kennedy Space Center (KSC) and Cape Canaveral Space Force Station. It is one of several "themed" coasts around Florida. All orbital launches from American soil carrying NASA astronauts (running from Project Mercury in 1961 to the end of the Space Shuttle program in 2011, and since 2020 using the SpaceX Dragon 2) have departed from either KSC or Cape Canaveral. The Space Force Station has also launched unmanned military and civilian rockets. Cities in the area include Port St. John, Titusville, Cocoa, Rockledge, Cape Canaveral, Merritt Island (unincorporated), Cocoa Beach, Melbourne, Satellite Beach, Indian Harbour Beach, Indialantic, Melbourne Beach, Palm Bay, and Viera (unincorporated). Much of the area lies within Brevard County. It is bounded on the south by the Treasure Coast, on the west by Central Florida including Orlando (and is economically tied to that region), on the north by Volusia County ...
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Space Florida
Space Florida is the aerospace economic development agency of the State of Florida. Founded in 2006, it works with commercial space companies, other governmental agencies, and academic institutions to develop space-related infrastructure. History The agency was created by consolidating three existing state space entities into a single new organization via the Space Florida Act, enacted in May 2006 by the Florida Legislature. The predecessor entities were the Florida Space Authority, the Florida Space Research Institute and the Florida Aerospace Finance Corporation. In 2008, ''Aviation Week'' magazine reported that the U.S. Air Force committed to lease Cape Canaveral Launch Complex 36 to Space Florida for future use by the Athena III launch system, but that program had not moved forward as late as 2013. In 2010, Space Florida became a "Preferred Partner" of the Google Lunar X PRIZE (GXLP), and, as such, had offered an additional bonus to teams that might have launched th ...
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Small Satellite
A small satellite, miniaturized satellite, or smallsat is a satellite of low mass and size, usually under . While all such satellites can be referred to as "small", different classifications are used to categorize them based on mass. Satellites can be built small to reduce the large economic cost of launch vehicles and the costs associated with construction. Miniature satellites, especially in large numbers, may be more useful than fewer, larger ones for some purposes – for example, gathering of scientific data and radio relay. Technical challenges in the construction of small satellites may include the lack of sufficient power storage or of room for a propulsion system. Rationales One rationale for miniaturizing satellites is to reduce the cost; heavier satellites require larger rockets with greater thrust that also have greater cost to finance. In contrast, smaller and lighter satellites require smaller and cheaper launch vehicles and can sometimes be launched in mult ...
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