Sierra Space Raises $300M from Japanese Consortium at $5B Valuation

Sierra Space
Sierra Space

Sierra Space, a subsidiary of aerospace contractor Sierra Nevada Corporation, is reportedly finalizing a funding round of nearly $300 million. This round is expected to value Sierra Space at approximately $5 billion, according to insiders. Japanese investors MUFG, Kanematsu, and Tokio Marine are said to be leading the round, with significant participation from existing investors and insiders. The funding is expected to be officially announced in the coming week.

Sierra Space is known for its Dream Chaser spaceplane, which is designed to deliver cargo and eventually crew to low Earth orbit as a reusable vehicle. It is planned to launch atop a United Launch Alliance (ULA) Vulcan rocket, with the first Vulcan launch targeted for the fourth quarter of this year. Sierra Space is also involved in the development of a private space station and plans to launch a demonstration mission of its LIFE (Large Integrated Flexible Environment) habitat in 2026.

This funding comes two years after Sierra Space raised $1.4 billion at a $4.5 billion valuation from investors including General Atlantic, BlackRock, AE Industrial Partners, Coatue, and Moore Strategic Ventures. The additional funds will likely support the ongoing development and deployment of Sierra Space’s spaceplane and other projects in its pipeline.

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