Sierra Space raises first $1.4B funding round to help develop space plane, habitat

LOUISVILLE — Louisville’s Sierra Space Corp., a spinoff from Sierra Nevada Corp., has closed its first fundraising campaign, a round that raised $1.4 billion. 

The round represents the largest aerospace and defense capital raise globally in 2021, second-largest private capital raise globally in the aerospace and defense sector ever, according to SSC. 

It was led by General Atlantic Co., Coatue Management LLC and Moore Strategic Ventures, with participation from funds and accounts managed by BlackRock Private Equity Partners, AE Industrial Partners, and various strategic family offices. 

Funding will support the development of SSC’s two main aerospace projects: the Dream Chaser space plane,…