Sierra Space Corporation, space, Broomfield, Colorado, USA

"Sierra Space Increases Total Investment to a Record $1.7 Billion with $290M Series B Funding, Bringing Valuation to $5.3 Billion"

Round is co-led by a Japanese strategic partnership comprising MUFG Bank, Kanematsu, and Tokio Marine & Nichido Fire Insurance; expands Sierra Space global partnership network.
Also includes investment by General Atlantic, Coatue, Moore Strategic Ventures & Sierra Holding Company with participation from funds and accounts managed by BlackRock Private Equity Partners, AE Industrial Partners and Vice Family Trust.
Sierra Space increases total investment to $1.7 billion; industry record for combined Series A and B raises.
Company achieves $5.3 billion valuation in closing $290 million Series B funding round; Sierra Space also has $3.4 billion in active contracts.
Sierra Space prepares the transition of Dream Chaser® spaceplane into orbital operations for NASA cargo resupply missions to the International Space Station following several years of development.
Growth capital accelerates Sierra Space’s first mover advantage in the deploying the first business-ready commercial space station, continued growth of the national security business and scale of the space systems and components portfolio.

September 26, 2023
 
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