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Sierra Space Secures Record $1.4 Billion Series A Growth Investment And Achieves $4.5 Billion Valuation

Sierra Space Secures Record $1.4 Billion Series A Growth Investment And Achieves $4.5 Billion Valuation

11/19/21, 10:30 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglouisville
Money raised
$1.4 billion
Round Type
series a
Sierra Space, a leading commercial space company with 1,100 employees, more than 500 missions and over 30 years of space flight heritage, announced today a $1.4 billion Series A investment of primary capital, the first capital raise for the company and the second-largest private capital raise globally in the aerospace and defense sector ever.

Company Info

Company
Sierra Space
Location
louisville, kentucky, united states
Additional Info
Sierra Space products and programs are working towards a more accessible space economy. The company is rapidly advancing toward the launch of the world’s only winged commercial spaceplane, the Dream Chaser. As the next generation of space transportation, the Dream Chaser will perform cargo supply and return missions for NASA, set to begin in late 2022, delivering up to 12,000 pounds of cargo to the International Space Station (ISS) at a time. The return journey will carry critical data, generated by ISS researcher experiments, enabling earth-bound scientists to benefit from much faster access to these unique results. Dream Chaser is a reusable spaceplane, uniquely capable of a smooth 1.5 low-g re-entry for crew and cargo transportation with the ability to land on existing commercial runways worldwide. Sierra Space is the developer of the Large Integrated Flexible Environment (LIFETM) Habitat, a modular, three-story commercial habitation and science platform. The unique structure will provide opportunities for multiple businesses including manufacturing, pharmaceuticals, and other sectors, to optimize zero gravity benefits. The LIFE Habitat will be able to be deployed in low-Earth orbit, on the lunar surface, or lunar orbit, and as a transport vehicle to Mars. Both Dream Chaser and LIFE Habitat will launch using conventional rocket propulsion systems. The Dream Chaser Spaceplane and LIFE platform are central components of the joint partnership Orbital Reef commercial space station and mixed-use business park being developed in partnership with Blue Origin.