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.

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