The Louisville space company’s valuation has jumped to an impressive $5.3 billion after securing $290 million in its second Series B funding round.
, a group of companies that includes MUFG Bank, Kanematsu, and Tokio Marine & Nichido Fire Insurance, underscoring Sierra Space’s growing influence in Japan. The company’s CEO, Tom Vice, is understandably stoked about the strengthened ties, stating, “Sierra Space is excited to create a long-term strategic relationship with our Japanese investors and industry partners.”
The funds are earmarked for several ambitious projects. Sierra Space has been plugging away on a commercial space station for the past five years and expects to undertake full-scale testing by the end of 2023. According to the company, Sierra Space’s valuation now stands at $5.3 billion, a notable figure for a firm that has yet to send its Dream Chaser spacecraft to orbit.Sierra Space
Dream Chaser is an in-development spaceplane for missions to low Earth orbit, transporting crew and cargo to destinations like the International Space Station . Capable of carrying up to 12,000 pounds of cargo, the spaceplane requires ULA’s Vulcan Centaur rocket for launches and will be capable of performing atmospheric reentry and runway landings, reminiscent of NASA’s Space Shuttle. Dream Chaser will come in three variants, catering to cargo transport, crewed missions, and national security space requirements.
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