Sierra Space raises $1.4 billion at $4.5 billion valuation as it builds spaceplane, space station

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  • Sierra Space, a subsidiary of private aerospace contractor Sierra Nevada Corporation, raised $1.4 billion in new capital.
  • With investors including General Atlantic, Cotue and Moore Strategic Ventures, as well as funds from private equity firms BlackRock and AE Industrial Partners, the company’s valuation increased to $4.5 billion.
  • Sierra Space has two major projects in development: the Dream Chaser spaceplane and the Orbital Reef space station, which it partnered with Jeff Bezos’s Blue Origin to build.

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Sierra Space, a subsidiary of private aerospace contractor Sierra Nevada Corporation, raised $1.4 billion as the company expands its portfolio of space transportation products.

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With investors including General Atlantic, Cotue and Moore Strategic Ventures, as well as funds from private equity firms BlackRock and AE Industrial Partners, the company’s valuation increased to $4.5 billion.

“We are building the next generation of space transportation systems and space infrastructure and destinations that will enable humanity to build and maintain thriving civilizations beyond Earth,” Sierra Space CEO Tom Wise said in a statement.

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Capital represents the first outside investment in Sierra Space since the subsidiary was founded by Sierra Nevada Corporation in April.

Sierra Space has two major projects in development: the Dream Chaser spaceplane, which it is developing to deliver cargo and eventually crew to low Earth orbit, and the Orbital Reef Space Station, which Sierra Space has built for Jeff Bezos. partnered with Blue Origin.

The Dream Chaser is a reusable spacecraft, resembling a small NASA Space Shuttle, designed to launch atop a conventional rocket and land on a runway like an airplane. Sierra Space aims to launch its first Dream Chaser cargo mission in the next year or so.

Blue Origin is Sierra Space’s primary partner for Orbital Reef, which also includes Boeing, Radwire Space and Genesis Engineering. The station is planned to be deployed into space later this decade, and is designed to be habitable to 10 people.

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