SNC's Space Business Raises $1.4B in Series A Funding Round; Tom Vice Quoted

Sierra Space has raised $1.4 billion in a round of Series A financing led by General Atlantic, Moore Strategic Ventures and Coatue, and the Sierra Nevada Corp. subsidiary will use the new capital to further develop the Dream Chaser reusable orbital spaceplane.

Accounts and funds managed by AE Industrial Partners and BlackRock Private Equity Partners also participated in the financing round, which gave Sierra Space a valuation of $4.5 billion, the Colorado-based space systems maker said Friday.

Dream Chaser comes in three variants to meet national security, cargo and crewed space requirements and is under advanced development phase through a NASA contract to support cargo resupply missions to the International Space Station starting in late 2022.

Sierra Space will also use the investment to further develop the Large Integrated Flexible Environment Habitat. LIFE Habitat and Dream Chaser are key components of the commercial space station – Orbital Reef – that Sierra Space is building with Blue Origin.

“We are building the next generation of space transportation systems and in-space infrastructures and destinations that will enable humanity to build and sustain thriving civilizations beyond Earth,” Sierra Space CEO Tom Vice said.

“Space provides a unique environment that will enable new breakthroughs in critical areas such as pharmaceuticals, semiconductors, fiber optics and energy that will directly enhance our life on Earth,” Vice added.

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