Bill Weber out as CEO of Firefly Aerospace

Date:

Share post:


Bill Weber is out as chief executive at Firefly Aerospace, following a nearly two-year stint in the role, the maker of launch vehicles, lunar landers, and orbital vehicles announced late Wednesday.

While the board initiates a search for a new CEO, board member Peter Schumacher will serve as interim CEO, the company said in a statement published on its website. A Transition Committee will assist in the search. 

Weber joined the company after it was acquired by private equity giant AE Industrial Partners in February 2022. A longtime aerospace executive, Weber previously served as CEO of KeyW Corporation, a intelligence and analytics provider to U.S. defense and intelligence customers, and president of government services company XLA.  

The news of his departure comes just two days after Payload published a story that the company was investigating allegations of an inappropriate relationship between Weber and a female employee. At the time, a Firefly spokesperson reportedly told Payload that “our initial findings do not support any facts behind this speculation.”  

A spokesperson declined to specify whether Weber’s departure was related to this reported investigation, citing company policy. Weber did not immediately respond to TechCrunch’s request for comment. 

Firefly is one of a handful of companies looking to seize a greater share of the launch market from competitors like SpaceX and Rocket Lab with its small Alpha rocket. The company is also developing a lunar lander called Blue Ghost, which is due to launch for the first time later this year, and a suite of orbital transfer vehicles designed to increase in-space mobility for satellites. 

In May, Bloomberg reported that AEI and other backers were considering selling the Texas-based firm in a deal that would value the company at $1.5 billion. 



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

OpenAI’s GPT-5 reportedly falling short of expectations

OpenAI’s efforts to develop its next major model, GPT-5, are running behind schedule, with results that don’t...

OpenAI announces new o3 model — but you can’t use it yet

Welcome back to Week in Review. This week, we’re looking at OpenAI’s last — and biggest —...

Google pushes back against DOJ’s ‘interventionist’ remedies in antitrust case

Google has offered up its own proposal in a recent antitrust case that saw the US Department...

If climate tech is dead, what comes next?

Humans have an innate desire to name things, but to be honest, we’re not always that good...

Hollywood angels: Here are the celebrities who are also star VCs

Becoming a venture capitalist has become the latest status symbol in Hollywood.  Everyone these days, from Olivia Wilde...

Meet Skyseed, a VC fund and incubator backing the Bluesky and AT Protocol ecosystem

On November 15, Peter Wang posted a message requesting ideas for a new incubator and fund to...

Sam Altman disputes Marc Andreessen’s description of AI meetings with Biden administration

Famed investor Marc Andreessen recently talked about meetings with Biden administration staff who gave him the impression...

EV startup Canoo places remaining employees on a ‘mandatory unpaid break’

Struggling electric van startup Canoo has placed its remaining employees on what it’s calling a “mandatory unpaid...