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Sierra Space plans full-scale testing of its first commercial space station by the end of 2023.
Sierra Space’s total capital raised after the Series B is $1,700,000,000.
Sierra Space’s Space Technologies business contributes to $3,400,000,000 in active contracts.
Sierra Space raised $1,400,000,000 in a Series A round in November 2021.
The Series B round values Sierra Space at $5,300,000,000.
Under the strategic partnership, MUFG Bank, Kanematsu Corporation, and Tokio Marine & Nichido Fire Insurance will participate in the commercialization of LEO led by Sierra Space to expand the supply chain of the Japanese space industry and create new industries.
Sierra Space is building a platform in LEO that includes space stations and transportation systems to and from Earth.
NASA awarded a Space Act Agreement to Sierra Space to provide support for a "pathfinder" space station that will serve as a technology demonstration for key elements of commercial space stations.
Sierra Space’s backlog increased to $3,400,000,000 following the Series B funding round.
Sierra Space raised $290,000,000 in a Series B funding round led by MUFG, Kanematsu Corporation, and Tokio Marine & Nichido.
Sierra Space reported about $260,000,000 in revenue in 2022 and had a backlog of $3,000,000,000 as of an investor conference in June.
Sierra Space will launch the first of an initial seven resupply missions to the International Space Station under a multibillion-dollar NASA contract using its nexgen Dream Chaser® spaceplane.
MUFG Bank, Kanematsu Corporation, and Tokio Marine & Nichido Fire Insurance Co., Ltd. made a strategic investment of $290,000,000 in Sierra Space Corporation.
Sierra Space plans to work with its new investors to expand its presence in the Japanese market.
The 2023-08-17 UBP test produced nearly a 20% improvement over the previous LIFE design and aligns with Sierra Space’s two previous sub-scale UBP tests conducted in July and 2022-11-01.
The recent UBP test delivered nearly a 20% improvement over the previous LIFE design and aligns with Sierra Space’s two previous sub-scale UBP tests conducted in July and November 2022.
Sierra Space is developing the LIFE inflatable habitat as one of the components of the Orbital Reef commercial space station being developed with Blue Origin and other companies.
The August UBP test was performed with support from NASA via a Reimbursable Space Act Agreement in which Marshall Space Flight Center provided services to Sierra Space.
The recent UBP test was performed with support from NASA via a Reimbursable Space Act Agreement under which Marshall Space Flight Center provides services to Sierra Space.
Sierra Space plans to begin full-scale testing of the LIFE habitat by the end of 2023.