Sierra Nevada to make its space operations a separate company
Capitalism in space: Sierra Nevada has decided to spin off its space operations involving Dream Chaser and its proposed private space station into a separate company called Sierra Space.
In a message to employees April 14, SNC [Sierra Nevada] Chairwoman and President Eren Ozmen said the company’s Space Systems division will become a standalone company, called Sierra Space, although remain a subsidiary of SNC.
…Ozmen provided few details about how the transition of SNC’s space business to Sierra Space would unfold, but she said it would take several months to complete. Even after the transition, Sierra Space will “continue deep cooperation and synergy” with SNC’s other business areas in aviation and defense.
My guess is that Ozmen does not want the risks of its space-related projects to impact its more reliable aviation and defense holdings. By separating it out, she can better isolate the success or failure of each. This does not necessarily mean that the space holdings are failing, only that they carry a greater financial risk.
Sierra Space’s future strongly hinges on the success of the first Dream Chaser cargo shuttle, Tenacity, whose inaugural flight has been delayed from ’21 to ’22. If that fails, all the other plans of this space division will likely fail as well. If it succeeds however the company’s financial future will be quite promising.
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Capitalism in space: Sierra Nevada has decided to spin off its space operations involving Dream Chaser and its proposed private space station into a separate company called Sierra Space.
In a message to employees April 14, SNC [Sierra Nevada] Chairwoman and President Eren Ozmen said the company’s Space Systems division will become a standalone company, called Sierra Space, although remain a subsidiary of SNC.
…Ozmen provided few details about how the transition of SNC’s space business to Sierra Space would unfold, but she said it would take several months to complete. Even after the transition, Sierra Space will “continue deep cooperation and synergy” with SNC’s other business areas in aviation and defense.
My guess is that Ozmen does not want the risks of its space-related projects to impact its more reliable aviation and defense holdings. By separating it out, she can better isolate the success or failure of each. This does not necessarily mean that the space holdings are failing, only that they carry a greater financial risk.
Sierra Space’s future strongly hinges on the success of the first Dream Chaser cargo shuttle, Tenacity, whose inaugural flight has been delayed from ’21 to ’22. If that fails, all the other plans of this space division will likely fail as well. If it succeeds however the company’s financial future will be quite promising.
The support of my readers through the years has given me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Even today NASA and Congress refuse to recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
Please consider supporting my work here at Behind the Black.
You can support me either by giving a one-time contribution or a regular subscription. There are five ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation:
5. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.
Carving the space operations off into a separate entity probably positions them better to pursue venture capital funding a la SpaceX as well.