Sierra Space announces $1.4 billion investment round

by NNBW staff

The funding will accelerate development of the company’s Dream Chaser Spaceplane, the world’s only orbital commercial spaceplane. Photo: Sierra Space

Sierra Space, a commercial space company that launched in June under umbrella of Sparks-based Sierra Nevada Corporation, announced recently a $1.4 billion Series A investment of primary capital.

It marks the first capital raise for the company and the second-largest private capital raise globally in the aerospace and defense sector ever reported, according to a Nov. 19 press release.

The funding puts the valuation of Sierra Space — which has 1,100 employees, more than 500 missions and over 30 years of space flight heritage — at $4.5 billion.

“Sierra Space aims to build the future of space transportation, commercial space destinations and infrastructure, and enabling technologies that will help to build a vibrant, growing commercial space economy,” according to the release. “As the LEO (low-Earth orbit) economy reaches a critical inflection point — driven by the convergence of the increasing commercialization of space, renewed public interest and defense considerations — Sierra Space is developing foundational infrastructure to support this growing ecosystem.

“By opening up affordable access to space, Sierra Space hopes to enable existing businesses, entrepreneurs, researchers and governments to create exciting breakthroughs that can empower humanity to begin new civilizations in space and benefit life on Earth.”

Read the entire article in the NNBW: https://www.nnbw.com/news/2021/nov/30/sierra-space-announces-14-billion-investment-round/