Firehawk Aerospace Valuation, Funding & Investors

Firehawk Aerospace is valued at $1.4B as of October 2026.

Last Firehawk Aerospace valuation

$1.4B

Series D · Oct 2026

Last Firehawk Aerospace funding round

$150M

Series D · Oct 2026

Cumulative funding Firehawk Aerospace raised

$238M

across 7 funding rounds

Key investors in Firehawk Aerospace

  • Stellar Ventures
  • Gaingels
  • Draper Associates
  • Cubit Capital
  • Raytheon
  • Victorum Capital

Firehawk Aerospace Overview

About Firehawk Aerospace

Firehawk Aerospace is an Austin, Texas-headquartered defense technology firm pioneering 3D-printed solid rocket motors using proprietary wax-based fuels. The additive manufacturing process enables rapid production of custom grains for missiles, launch vehicles, and hypersonic systems. Firehawk supplies propulsion for U.S. Department of Defense programs and commercial space firms like Rocket Lab. Founded in 2017, it conducts tests at NASA facilities.


Founded

2019

HQ

United StatesDallas, TX

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Product sales

Valuation

$1.4B (Oct 2026)

Firehawk Aerospace Valuation

Firehawk Aerospace is currently valued at $1.4B, based on its Series D in October 2026. Read the announcement ↗

The $150M round was led by Advent International and Rochefort, with participation from Nomi Capital.

Firehawk Aerospace's valuation has grown 4.8x from $290M at its Series C in January 2025 to $1.4B in October 2026, across 2 priced rounds.

Firehawk Aerospace valuation by funding round

Firehawk Aerospace valuation by funding round
DateStageValuation
Oct 2026Series D$1.4B
Jan 2025Series C$290M

Firehawk Aerospace Funding History

Firehawk Aerospace has raised a total of $238M across 7 funding rounds.

Firehawk Aerospace's first fundraising round was a $3M seed round in November 2020. The most recent completed round was a $150M Series D in October 2026.

Firehawk Aerospace funding rounds

Firehawk Aerospace funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2026Series DAdvent International (lead); Rochefort (lead); Nomi Capital$150M$1.4BFirehawk Aerospace, which also operates as Firehawk Defense, closed a Series D round of more than USD 150 million in October 2026 at a post-money valuation of more than USD 1.4 billion. The round was led by Advent International and Rochefort Asset Management, the firm associated with investor Kyle Bass. Firehawk said the capital will fund the next phase of American propulsion manufacturing, with more propellant, rocket motors, munitions and production capacity built for volume. The company aims to become the largest US producer of artillery motors and the third-largest producer of rocket propellant by weight by the end of 2027. Firehawk is a Dallas-based defense technology company founded in 2019 that makes solid rocket motors and energetics. It operates a 636-acre integration campus in Crawford, Mississippi, planned to produce 40,000 tactical rocket systems a year and ramp to 120,000 at full rate, and a 320-acre energetics site in Lawton, Oklahoma designed for up to 3.1 million pounds of propellant a year. Its previous round was a USD 60 million Series C led by 1789 Capital in 2025.
Mar 2026Series CSahin Boydas; Gaingels---
Jan 2025Series C1789 Capital (lead); Stellar Ventures; Pomifer Capital; Cubit Capital; Plains Ventures; Backswing Ventures; BOKA Group; Gaingels; What If Ventures; Greenwood and Cavalier; Draper Associates$60M$290MFirehawk Aerospace is a defense technology company founded in 2018 by Will Edwards, specializing in advanced energetics and propulsion through 3D-printed propellant and solid rocket motors. The company replaces traditional casting methods—which involve large molds, long curing times, and hazardous chemicals—with additive manufacturing to print propellant grains layer by layer, enabling complex geometries, reducing per-unit production times by over 99%, and transforming the energetics supply chain for missiles, rockets, and artillery munitions. Firehawk secured an oversubscribed $60 million Series C funding round in September 2025, led by 1789 Capital (with partners including Donald Trump Jr.), with participation from Presto Tech Horizons (a fund by Presto Ventures and CSG), Draper Associates, BOKA Group (or Boka Capital), Stellar Ventures, Plains Ventures, Pomifer Capital, What If Ventures, Gaingels, Backswing Ventures, Decisive Point, and others. Funds will scale 3D-printed propellant production, transition from R&D/prototyping to full-scale manufacturing, build a 340-acre facility in Lawton, Oklahoma, conduct static fire and flight tests in West Texas (including a 30-square-mile launch range), and strengthen the allied defense supply chain, particularly in Europe for NATO resilience. The investment emphasizes Europe's need for local sourcing of munitions amid geopolitical tensions, with CSG exploring industrial applications of Firehawk's tech for rocket propulsion and ammunition. Firehawk designs products at its Dallas headquarters and has prior U.S. Air Force contracts, including a $4M award for 3D-printed rocket propulsion tech.
Dec 2023SeedDecisive Point; Cubit Capital$5M--
Sep 2022Series AStellar Ventures; Raytheon; Draper Associates; Jackson Moses$19M--
Apr 2022SeedRaytheon (lead); Achieve Capital; Harlow Capital Management; Victorum Capital$2M--
Nov 2020SeedVictorum Capital (lead); Achieve Capital; Stellar Ventures; Capital Factory$3M-Firehawk Aerospace, a Florida-based rocket propulsion startup, closed a $2 million seed funding round on November 24, 2020, led by members of the Victorum Capital Club with investments from Achieve Capital and Harlow Capital Management. The company develops customizable hybrid rocket engines using patented 3D printed solid fuel rods, featuring just 20 components, no TNT equivalency for enhanced safety, and costing 20% of competitive engines. These engines target applications including small satellite launchers, lunar transport systems, manned spacecraft, and defense purposes, with custom designs possible in four to six months. The funding supports testing the engine at operational scale, expanding partnerships with government and commercial entities, and growing manufacturing facilities to Texas and Oklahoma. Firehawk was selected as one of five finalists in the Startup Battlefield at TechCrunch Disrupt 2020 among thousands of applicants. Victorum Capital highlighted Firehawk's advancement in providing safer, cost-effective rocket propulsion to reshape the aerospace industry.

Who has invested in Firehawk Aerospace?

22 investors have backed Firehawk Aerospace across its funding rounds, including Stellar Ventures, Gaingels, Draper Associates, Cubit Capital, Raytheon and Victorum Capital.

Lead investors include Advent International, Rochefort, 1789 Capital, Raytheon and Victorum Capital.


Firehawk Aerospace Investors

Investors in Firehawk Aerospace by funding rounds participated
InvestorHQRoundsRoleFirst check
Stellar VenturesUnited StatesSan Francisco, CA3ParticipantNov 2020
Achieve CapitalSwitzerlandGeneva2ParticipantNov 2020
Cubit CapitalUnited StatesDallas, TX2ParticipantDec 2023
RaytheonUnited StatesWashington, DC2LeadApr 2022
Victorum CapitalUnited StatesOklahoma City, OK2LeadNov 2020
GaingelsUnited StatesBurlington, VT2ParticipantJan 2025
Draper AssociatesUnited StatesSan Francisco, CA2ParticipantSep 2022
Nomi CapitalUnited StatesNew York City, NY1ParticipantOct 2026
Decisive PointUnited StatesPoughkeepsie, NY1ParticipantDec 2023
Harlow Capital ManagementUnited StatesDallas, TX1ParticipantApr 2022
RochefortUnited StatesUnited States1LeadOct 2026
Pomifer CapitalUnited StatesAustin, TX1ParticipantJan 2025
Plains VenturesUnited StatesOklahoma City, OK1ParticipantJan 2025

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Firehawk Aerospace Competitors

Firehawk Aerospace competitors include listed companies like Beijing Beimo High Tech, Apollo Micro Systems, Shaanxi Zhongtian Rocket and Data Patterns (India), and private ones like Roark Aerospace and Echodyne.

Public and private companies comparable to Firehawk Aerospace
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Beijing Beimo High TechChinaChinaPublicly listed$138M$48M$1.3B10.3x
Apollo Micro SystemsIndiaIndiaPublicly listed$95M$22M$1.6B12.0x
Shaanxi Zhongtian RocketChinaChinaPublicly listed$118M($6M)$1.1B-
Roark AerospaceUnited KingdomLondonPrivate--$1.8B-
Data Patterns (India)IndiaIndiaPublicly listed$97M$40M$2.2B19.6x
EchodyneUnited StatesSeattle, WAPrivate--$528M-

Firehawk Aerospace Public Comps

Firehawk Aerospace is still privately-owned, but its public comps include Triangle Defense Co., Kinpo Electronics, Beijing Beimo High Tech, Swan Defence and Heavy, Austal, Hwa Create, Lyntris, Electro Optic Systems, Cadre Holdings and Zen Technologies.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Triangle Defense Co.$239M$82M4.8x-14.1x-
Kinpo Electronics$5B$194M0.5x-13.4x-
Beijing Beimo High Tech$138M$48M9.9x10.3x28.5x-
Swan Defence and Heavy$30M($17M)52.3x-(90.8x)-
Austal$1.4B($39M)0.9x0.9x(34.3x)47.3x
Hwa Create$117M$5M11.2x14.2x241.6x-
Lyntris$389M$47M4.2x-34.3x-
Electro Optic Systems$90M($31M)13.3x5.0x(38.7x)85.5x

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Common questions about Firehawk Aerospace

When was Firehawk Aerospace founded?Firehawk Aerospace was founded in 2019.
Where is Firehawk Aerospace headquartered?Firehawk Aerospace is headquartered in Dallas, TX, United States.
Is Firehawk Aerospace publicly listed?No, Firehawk Aerospace is a private, VC-backed company.
What is Firehawk Aerospace's valuation?Firehawk Aerospace was last valued at $1.4B in its Series D in October 2026.
How much funding has Firehawk Aerospace raised?Firehawk Aerospace has raised $238M across 7 funding rounds.
What was Firehawk Aerospace's last funding round?Firehawk Aerospace's last funding round was a $150M Series D in October 2026, led by Advent International and Rochefort.
Who are Firehawk Aerospace's investors?Firehawk Aerospace's investors include Stellar Ventures, Achieve Capital, Cubit Capital, Raytheon, Victorum Capital, Gaingels, Draper Associates, Nomi Capital, Decisive Point, Harlow Capital Management and 12 others.
Which companies are comparable to Firehawk Aerospace?Companies comparable to Firehawk Aerospace include Beijing Beimo High Tech, Apollo Micro Systems, Shaanxi Zhongtian Rocket, Roark Aerospace, Data Patterns (India) and Echodyne.

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