Max Polyakov Along with Markusic to Launch Firefly Aerospace Rocket in 2019

Tom Markusic, chief executive of Firefly Aerospace and Max Polyakov, investor and entrepreneur have worked together to develop the space industry as they plan to go beyond Earth and reach for the moon.

Max Polyakov

How it all started

Markusic was out on a NASA business appointment, reading and observing a start-up team build a rocket. It was a moment of inspiration for him as he realized the difference between the old ways of doing things (as he read about management) and results achieved by individuals who are purposefully working. Even though the individuals had no idea about it, they worked hard to gain access to space.

At last, Tom dropped his book and picking up a tool, joined in the scrimmage and began to work. The first rocket release of Falcon in March 2006 failed but it didn’t discourage Markusic. By summer he had transferred to Space X, and there he served as a company director for the central Texas location.

For 5 years Markusic worked at Space X and then for shorter periods at other aerospace/ space flights manufacturers. In 2014, when he returned to Texas, he had amassed a better knowledge of space and the limitations of aerospace, the biggest of which remained insufficient capital to actually launch into space.

The Crash of Aerospace

This primary restriction was lack of funding as recognized by Tom Markusic. Eventually, that led to the collapse of his company Firefly Space Systems, in 2006, after an unnamed investor allegedly backed out. During that difficult period for the company, Markusic spent so much money searching for investors and as a result, Firefly crashed with all its workers.

The collapse of Firefly Space Systems didn’t come as a shock to the space industry since there were other rocket start-ups that went down at that time.

Max Polyakov shells out the Funds

Firefly got back on sound financial footing after its ups and downs. Tom got investor Max Polyakov to provide for all the company’s financial needs.

Max Polyakov is committed to bringing back Firefly Aerospace and funding the company for its launches. Markusic and Max Polyakov assessed their finances and estimated around $100 million to accomplish this. With Max Polyakov and his resources in the picture, Markusic spent less time worrying about the money and focused on technical advances and getting ready for launching.

Max Polyakov’s business skills, apart from his money helped the company greatly. He screened the space market and recognizing the competition among companies, made some changes with their Alpha product to agree with the expected requirements.

With Max Polyakov’s financial resources and Tom Markusic’s professional knowledge, Firefly Aerospace has been termed stronger than ever with its first rocket launch expected in 2019 as revealed by liga.net.

Markusic has learned that for an investor to support an aerospace business, he has to be passionate or at the least, be interested in space, because it involves a lot of risks and the profit is irregular.

Max Polyakov qualifies since he has long been involved in space work and his parents were active workers in the Soviet space program.

Tom Markusic and Max Polyakov are ready to take on the space industry with innovative technical advances because Firefly Aerospace is coming back with full force.