16:28 27.07.2018

Abolition of restrictions on work of private companies in Ukraine's space sector on agenda of Ukraine-U.S. relations - Firefly Aerospace

2 min read
Abolition of restrictions on work of private companies in Ukraine's space sector on agenda of Ukraine-U.S. relations - Firefly Aerospace

Firefly Aerospace Inc., a private American developer of rocket and space equipment, ties prospects and filling cooperation with the Ukrainian rocket and space industry with its reform and the abolition of existing restrictions on work of private companies in the space sector of Ukraine.

"Often, new opportunities open up as a result of industry reform and industry management. Changing the legislative framework, assisting private companies in the industry, updating approaches and tasks will entail the arrival of both investors and customers in the Ukrainian rocket and space industry," the owner of Firefly Aerospace Inc., the founder of Noosphere Ventures, a native of Ukraine, Maksym Poliakov, said in an exclusive interview with Interfax-Ukraine.

"Post-Soviet management, as a rule, is closed to cooperation and is not ready to issue any guarantees for investors. The state should guarantee not loans attracted by state enterprises for the project, but comfortable working conditions for investors and partners in Ukraine," he said.

"First of all, the work of the Ukrainian office of Firefly will be aimed at interaction in R&D (Research & Development) tasks that arise during the development of Alpha and Beta carrier rockets by the main U.S. office of the company in Texas. We have so far limited ourselves to the willingness to involve in the solution of these problems Ukrainian specialists who have a significant experience and knowledge in this field. But in future we plan to consider Ukrainian companies of the industry as contractors," he said, asked about the tasks of the Ukrainian office of Firefly Aerospace in Dnipro, whose work the head of state has recently seen.

Firefly Aerospace (originally Firefly Space Systems) was created in Texas in 2014. It is a private American company, which deals with the development of next generation light class carrier rockets.

Firefly is headquartered in Texas. The company's offices operate in Washington, Tokyo (Japan) and Dnipro (Ukraine). Firefly funding is provided by Noosphere Ventures (Menlo Park, California), founded by businessman from Ukraine Maksym Poliakov, which is primarily known for projects in the IT sector.

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