Firefly Aerospace Acquires AI Navigation Firm Space-ng
Firefly Aerospace has completed the acquisition of Space-ng Inc., enhancing its capabilities in AI-driven navigation for spacecraft. This strategic move, amid a 58% decline in Firefly's stock over the past year, comes as the company reports a 71% revenue increase in the last twelve months ending Q1 2026.
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Firefly Aerospace (NASDAQ:FLY) has acquired Space-ng Inc., which specializes in AI-based visual navigation systems for spacecraft. The integration of Space-ng's software and camera hardware will enhance Firefly's lunar landers and orbital vehicles.
Space-ng's technology has already proven effective during the Blue Ghost 1 mission, where it facilitated autonomous landing maneuvers. The acquisition allows Firefly to incorporate advanced navigation capabilities across its fleet for upcoming NASA missions, including three lunar missions and space domain awareness tasks for the Defense Innovation Unit.
The financial terms of the deal remain undisclosed. The acquisition positions Firefly to leverage enhanced navigation technologies in an increasingly competitive aerospace market.
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