Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, raised $1.4 billion in new capital. The company’s valuation jumped to $4.5 billion following the raise, with investors including General Atlantic, Coatue, and Moore Strategic Ventures, as well as the funds of private equity firms BlackRock and AE Industrial Partners. Sierra Space has two major projects in development: The Dream Chaser spaceplane and the Orbital Reef space station, the latter which it partnered with Jeff Bezos’ Blue Origin to build. Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, raised $1.4 billion as the company expands its portfolio of space transportation products. The company’s valuation jumped to $4.5 billion following the raise, with investors including General Atlantic, Coatue, and Moore Strategic Ventures, as well as the private equity funds of BlackRock and AE Industrial Partners. Sierra Space has two major projects in developme...
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