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The Dream Chaser spacecraft developed by Sierra Space is a civil spaceplane derivative intended to perform cargo resupply missions to the ISS and will be launched on a conventional rocket.
Sierra Space will use the new capital to further focus on its national security space efforts through expansion of production capacity and continued development of differentiated solutions for national security customers.
The Series C financing values Sierra Space at $8 billion post-money.
Sierra Space has been involved in more than 500 missions and has more than 30 years of spaceflight heritage.
In the prior year, Sierra Space completed a new power station facility where it manufactures high-rate solar arrays for critical satellite missions.
Sierra Space holds an SDA Tranche 2 Tracking Layer contract with a maximum potential value of $740 million to build 18 missile warning, tracking, and fire control satellites.
In 2025, Sierra Space completed all manufacturing and assembly milestones for the Dream Chaser spaceplane, with a demonstration flight planned in late 2026.
Sierra Space has received contracts from essentially all eight space procurement agencies within the Department of War and Intelligence Community.
Dan Jablonsky is the Chief Executive Officer of Sierra Space.
Sierra Space’s investors include General Atlantic, Coatue, Moore Strategic Ventures, and Andalusian Private Capital.
Fatih Ozmen is the Board Chair of Sierra Space.
Sierra Space received a $450 million award to build more than four satellites for a National Security customer.
The Series C investment positions Sierra Space to pursue additional contracts, leverage existing technologies, and pursue growth opportunities beyond its current satellite and spacecraft mission programs.
In 2025, Sierra Space completed Critical Design Review for two major national security satellite programs of record.
Sierra Space raised $550 million to support satellite production.
Sierra Space has won more than $1.5 billion in defense contracts since 2023, including work with the Space Development Agency and the U.S. Space Force.
Sierra Space’s funding round brought the company’s total capital investments to $2 billion since 2021.
Sierra Space established a defense division last year to focus on serving national security space customers.
Existing backers General Atlantic, Coatue, and Moore Strategic Ventures participated in Sierra Space’s Series C round.
Sierra Space raised $550 million in a Series C financing round today.