Making Space for Everyone 1 7/6/2021 FISO Telecon July 7, 2021 Eric Salwan Chief Revenue Officer (acting) eric@firefly.com Space Economy: the 21 st century growth industry Earth Observation Security & Intelligence Consumer & Enterprise Communications Energy & Natural Resources Environmental & Climate Infrastructure & Transportation Exploration Resource Mining >$2T market by 2040 Every Part of the New Space Economy Begins With Space Transportation 7/6/2021 2 the future Space Services and Products leader Alpha Space Utility Vehicle Blue Ghost Lunar Lander is the only diversified, end-to-end Space Services Com pany. Launch Spacecraft Science & Exploration 7/6/2021 3 Alpha Flight 1: Vandenberg AFB, 2021 7/6/2021 4 Has Developed Leading Edge Technology Robotic Composites Production (AFP) Superior 21 st century structural materials and manufacturing methods Tap-off Cycle Rocket Engines The world’s simplest high- performance rocket engines Avionics Flight Software and GN&C Carbon Fiber Composites Alpha is the world’s largest all- composite rocket Spacecraft Lunar Lander and Space Utility Vehicle Metallic 3D Printing and Artificial Intelligence Major engine and fluid systems components 7/6/2021 5 World-class Infrastructure and Facilities 6 Test High Volume Production Manufacturing Launch 7/6/2021 Launch Vehicles and Spacecraft Launch Platform Focused on Small & Medium-Large Launches 8 Alpha Beta First Flight: 2021 (VSFB) First Flight: Q2 2024 (CCSFS) Dedicated, responsive, low-cost launch solution Payload performance of < 1,300kg (1) to LEO Highly disruptive unit economics Two-stage rocket, with future option of Space Utility Vehicle third stage All carbon composite structure Highest performance, most simple engines Designed for rapid, low-cost manufacturing Reusable architecture planned for future Evolutionary vehicle capable of delivering < 10,000kg to LEO Single core structure, built on Alpha technologies Fully compatible with existing manufacturing and launch infrastructure Mission extension includes payload capabilities of ~1,000kg to both GEO & lunar surface Satisfies significant U.S. government and commercial demand Reusability with first stage vertical landing recovery (1) Reflects planned enhancement Q3 2021. 7/6/2021 Q4 2022 (CCSFS) Q4 2024 (VSFB) Firefly Has Substantially De-Risked Ahead of First Flight 7/6/2021 9 Key development milestones have been completed with majority of risk retired Vertical integration strategy enables continuous testing, further reducing risk during flight “Test What You Fly” approach enables extensive system testing on the ground Leadership team with extensive “first launch and landing” experience Vetted processes and Flight 2 & 3 vehicles in production Solid pipeline with customers cognizant of flight heritage ramp up Extensive flight certification requirements underscore technological and process rigor 7/6/2021 10 Firefly Ahead in High-Growth Underserved Market Astra (Rocket-3.0) Rocket Lab (Electron) Virgin Orbit (Launcher-One) Relativity (Terran 1) Firefly (Alpha) ABL (RS1) Avio (Vega) Firefly (Beta) Max Payload to LEO (KG) 150 300 500 1,250 1,300 (1) 1,350 1,963 10,000 Total Price $2.5 million $7 million $12 million $12 million $15 million $12 million $37 million $40 million $ / KG to LEO ~$17,000 ~$23,000 ~$24,000 ~$10,000 ~$11,500 ~$9,000 ~$19,000 ~$4,000 U.S. Product Completed Testing Completed Launch Site First Flight TBD Q1 2018 Q1 2021 TBD 2021 TBD Q1 2012 Q4 2023 Current Offering? Micro Launch Small & Medium Launch Source: Various industry sources. (1) Reflects planned enhancement H2 2021. Firefly to Win in Small & Medium Launch Market 7/6/2021 SUV Demonstrate initial SUV on Alpha Flight 1 Phase I SBIR (High Delta V SUV) Demonstrate Docking Capability Fast Track Phase II Flight Demo Mission Applications Satellite as a Service Space Transportation Tactical responsive space In-Orbit Servicing (Fueling, De-Orbit, etc.) Firefly is well positioned to capitalize on the developing TAM ROADMAP | IN-SPACE PRODUCTS Blue Ghost CLPS Task Order 19D Land and operate 10 NASA payloads for approx. 14 Earth days (~100kg) Launch mid-2023 on SpaceX Falcon 9 Next CLPS RFP expected mid-2021 Technology Roadmap Increase payload mass capability to 1MT Risk reduction missions in advanced of human landers Deploy lunar orbiters for commercial and DoD applications 11 7/6/2021 ROADMAP | SUV Graphic Electric plasma propulsion Space Utility Vehicle (SUV) for various in- space missions Extends Firefly’s offering to include transportation services in space Launch vehicle agnostic platform to target all “space-tug” markets Initially used to deliver satellites to unique orbits, expanding Alpha’s existing mission capabilities from LEO to lunar orbit Range extension reduces $ per kg more than 50% beyond LEO Unique recurring “mission-as-a-service” revenue streams E.g. orbit transfer, satellite life extension, debris mitigation, refueling, multiple-plane insertion, ISS, DoD Missions, and lunar sample return Enables a whole new market in small-medium GEO and planetary missions First SUV prototype flying on Alpha’s first flight in 2021 12 7/6/2021 Blue Ghost Proven technology Commercial evolution of flight proven Lander technologies Highest TRL commercial lunar lander Experienced partners with demonstrated planetary landing successes on InSight, Phoenix, and OSIRIS-REx Providing unparalleled access to lunar science: 150 kg – 1 Ton of payload capability High landing accuracy of < 30 m Extended battery life provides operations beyond lunar sunset Open-structure design preserves payload accessibility between delivery and encapsulation, providing flexibility in payload delivery Blue Ghost 2.0 for multiple site landings “hops”, Gateway sample return, and optional rover A glowing opportunity in lunar exploration has the m ost capable and highest flight heritage lander available 7/6/2021 13 STATUS | BLUE GHOST MISSION 1 Deliver 10 NASA-sponsored payloads to Mare Crisium in 2023 $93.3MM award On Schedule: Kickoff (COMPLETE 2/2021) 1-Acre Moonscape Build (COMPELTE 3/2021) SRR (COMPLETE 4/2021) All long leads on order (COMPELTE 6/2021) Structures fabrication demonstrated (COMPELTE 6/2021) PDR (COMPLETE 6/2021) CDR on track for this year! 14 7/6/2021 PAYLOADS| BLUE GHOST MISSION 1 CLPS 19D Payloads LISTER: Drill to measure thermal conductivity 2-m deep RAC: Evaluate material interactions with lunar dust PlanetVac: Demo regolith sampling and sieving RadPC: Demo radiation-tolerant hardware and characterize lunar radiation environment NGLR: Improve measurement precision of distance to lunar surface by a factor of 100x LEXI: Study interaction of solar wind with Earth’s magnetosphere LMS: Study electrical conductivity structure of the Moon’s mantle SCALPSS: Stereo video of thruster plume/surface interaction EDS: Demo removal of lunar dust coating via dielectrophoretic force LuGRE: Acquire GPS and positioning from the Moon 2 Signed Commercial Payloads 15 7/6/2021 MISSION OVERVIEW| BLUE GHOST MISSION 1 Launch Contracted for 2023 (SpaceX Falcon 9) Transit Ops and Ground Station Network (SSC) Multiple Earth orbits for schedule flexibility and added data gathering opportunities Near-continuous 10-Mbps downlink 16 7/6/2021 MISSION OVERVIEW| BLUE GHOST MISSION 1 Landing in early lunar morning for maximum surface mission duration Surface Ops (Payloads) and Imagery from >10 onboard cameras Extended Mission beyond lunar dusk 17 7/6/2021