Sierra Raises $290M Series B to Build Commercial Space Solutions

The company is developing the first commercial space station and a commercial spaceplane.

Published on Sep. 26, 2023
Sierra Raises $290M Series B to Build Commercial Space Solutions
A spacecraft flies near Earth.
Image: Sierra Space

Sierra Space, a commercial space company headquartered in Louisville, recently closed a $290 million Series B funding round, bringing the company’s total capital raised to $1.7 billion and its valuation to $5.3 billion. The funding round was co-led by MUFG, Kanematsu Corporation and Tokio Marine & Nichido Fire Insurance.

Sierra Space is transitioning Dream Chaser, its commercial spaceplane, from development into operations for NASA cargo resupply missions to the International Space Station. In addition to its spaceplane development, Sierra Space has been working the build the first commercial space station for five years. It aims to bring a large integrated flexible environment, or LIFE, to low earth orbit with a modular, three-story commercial habitation and science platform.

The funding will help Sierra Space forge global partnerships and accelerate its plans to build a transformational space tech ecosystem that will revolutionize the future space economy. It will focus on the development and deployment of its commercial space station, the growth of its national security offering and scaling its space systems components business.

This article was written by Writer, a generative AI tool, using information from press releases and company blogs provided by our staff. All content was reviewed by a Built In editor and went through a fact-checking process to ensure accuracy. Errors can be reported to our team at [email protected].

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