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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.
Sierra Space’s investors include General Atlantic, Coatue, Moore Strategic Ventures, and Andalusian Private Capital.
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.
Sierra Space has received contracts from essentially all eight space procurement agencies within the Department of War and Intelligence Community.
Fatih Ozmen is the Board Chair of Sierra Space.
Sierra Space has been involved in more than 500 missions and has more than 30 years of spaceflight heritage.
Dan Jablonsky is the Chief Executive Officer of Sierra Space.
In 2025, Sierra Space completed Critical Design Review for two major national security satellite programs of record.
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 received a $450 million award to build more than four satellites for a National Security customer.
In 2025, Sierra Space completed all manufacturing and assembly milestones for the Dream Chaser spaceplane, with a demonstration flight planned in late 2026.
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.
The Series C financing values Sierra Space at $8 billion post-money.
Sierra Space raised $550 million to support satellite production.
Sierra Space will use the funding to expand production capacity and develop differentiated solutions for national security space customers.
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 established a defense division last year to focus on serving national security space customers.
Sierra Space’s total funding since 2021 exceeds $2 billion.
Sierra Space continues to develop its inflatable LIFE habitat technology while shifting focus toward orbital defense infrastructure over commercial space station bids like Orbital Reef.