Sierra Space
Assembly Line
Sierra Space Increases Total Investment to a Record $1.7 Billion with $290M Series B Funding, Bringing Valuation to $5.3 Billion
Sierra Space, a leading pureplay commercial space company building the first end-to-end business and technology platform in space with $3.4 billion in customer contracts, announced today it has closed a $290 million Series B funding round.
With this latest private capital infusion, Sierra Space expects to forge critical global partnerships and accelerate plans to build a transformational space tech ecosystem that will revolutionize the space economy of tomorrow. The company is currently transitioning the Dream Chaser spaceplane from years of development to recurring mission operations for NASA cargo resupply flights to the International Space Station (ISS). The company has been in development of the first commercial space station for five years, successfully achieving several hardware design and testing milestones; full-scale testing is due by the end of this year. The program maturity cements Sierra Space’s position as the industry leader in business-ready commercial space station development for use in Low Earth Orbit (LEO) and in deep space.
Sierra Space Secures Record $1.4 Billion Series A Growth Investment and Achieves $4.5 Billion Valuation
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. As the LEO 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.