Firefly Space Systems is a private aerospace firm based in Austin, Texas, that is developing small and medium-sized launch vehicles for launches to orbit. They are proponents of NewSpace: a movement in the aerospace industry whose objective is to increase access to space through innovative technical advances resulting in a reduction of launch cost, and the lessening of regulations and logistical restrictions associated with dependence on national space institutions. Firefly furloughed their staff in October 2016 and is currently seeking additional capital to continue development of their launch system. Firefly was formed in January 2014 by Dr. Tom Markusic, P.J. King and Michael Blum and a small group of entrepreneurs who self-funded the company. In September 2014, Firefly announced it would move its headquarters from Hawthorne, California to Austin-suburb Cedar Park, Texas. By November it relocated to Texas. It grew to 30 employees by August 2014 and 43 employees by November 2014. Firefly has office and engineering facilities in Austin, Texas and Hawthorne, California and purchased 215 acres (87 ha) of land for an engine test and manufacturing facility in Briggs, Texas, 50 miles (80 km) north of Austin.