September 26, 2023

Sierra Space claims $5B valuation after $290M Series B raise

Sierra Space has two main aerospace projects: the Dream Chaser space plane, which is expected to be used to resupply the International Space Station starting next year; and the Large Integrated Flexible Environment (LIFE) Habitat, a modular, three-story commercial habitation, business and science platform. Courtesy Sierra Space.
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LOUISVILLE — Less than three years after Sierra Space Corp. spun off from Sierra Nevada Corp., the Louisville-based aerospace company says it has achieved a valuation of more than $5 billion. 

SSC’s new $5.3 billion valuation comes as a result of a recently closed Series B funding round that raised $290 million.

The round was led by a trio of Japanese institutional investors: MUFG Bank Ltd., the country’s largest bank; multi-industry trading company Kanematsu Corp.; and Tokio Marine & Nichido, one of Japan’s largest insurance companies.

“With this latest private capital infusion, Sierra Space expects to forge critical global partnerships and accelerate…

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A Maryland native, Lucas has worked at news agencies from Wyoming to South Carolina before putting roots down in Colorado.
Categories: Breaking News Aerospace Louisville Sunday Weekly Today's News Sierra Nevada Corp. Sierra Space Corp.
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