Sierra Space Raises $290 Million in Series B Funding, Boosting Valuation to $5.3 Billion

Commercial space travel firm Sierra Space announced a $290 million increase in its total investment income as a result of its second funding effort, known as Series B. Consequently, the company’s valuation has skyrocketed to a whopping $5.3 billion.

This investment milestone powers the firm’s goal of enabling more frequent and universal space flights. Accordingly, the news has signified a significant financial turning point for the enterprise, with the recent funding round drawing investors due to the expanding scope of the commercial space tourism industry.

Sierra Space, a commercial airspace and orbital infrastructure provider, has now garnered a total investment record of $1.7 billion. The funds have been utilized for building a low-Earth orbit (LEO) commercial space station, furthering the company’s pioneering efforts in space tourism advancements. Sierra’s ‘Dream Chaser’ spaceplane is one of its most remarkable developments. This reusable shuttle, set to launch in 2022, aims to conduct supply missions to the international space station.

Notably, this marked progress in their funding efforts allows Sierra Space to bolster its position as a significant player within the aerospace industry, proven by its progressive increases in valuation. As commercial space tourism becomes more commonplace, investments in this sector may potentially offer substantial returns.

The new funding signifies a remarkable accomplishment for the firm, demonstrating increased confidence in Sierra Space’s ability to contribute significantly to advancements within the space tourism sector.

References: Sierra Space Press Release