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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Carving the space operations off into a separate entity probably positions them better to pursue venture capital funding a la SpaceX as well.