Sierra Space raises $1.4 billion
Posted: Fri, Nov 26, 2021, 7:18 AM ET (1218 GMT)
Sierra Space announced Nov. 19 it has raised $1.4 billion to further development of key elements of a commercial space station. The company, spun off from Sierra Nevada Corporation in April, raised a Series A round led by General Atlantic, Coatue and Moore Strategic Ventures, with participation from several other investors. The round values Sierra Space at $4.5 billion. The company says the funding will accelerate development of its Dream Chaser spacecraft and LIFE habitat, both part of the Orbital Reef commercial space station concept announced last month.
Sierra Space announced Nov. 19 it has raised $1.4 billion to further development of key elements of a commercial space station. The company, spun off from Sierra Nevada Corporation in April, raised a Series A round led by General Atlantic, Coatue and Moore Strategic Ventures, with participation from several other investors. The round values Sierra Space at $4.5 billion. The company says the funding will accelerate development of its Dream Chaser spacecraft and LIFE habitat, both part of the Orbital Reef commercial space station concept announced last month.
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