Sierra Space raises $1.4 billion in investment capital
Capitalism in space: Sierra Space, the space subsidiary of Sierra Nevada, has raised $1.4 billion in investment capital in a recent round of fund-raising.
The company will use the funds to support development of Dream Chaser, the lifting-body vehicle it is building for to transport cargo for the International Space Station starting in late 2022. The company originally developed Dream Chaser to carry people as a competitor in NASA’s commercial crew program, and company executives have frequently stated they still plan to develop a crewed version at a later date.
The funds will also support development of its Large Integrated Flexible Environment (LIFE) inflatable module. Both LIFE and Dream Chaser are part of Orbital Reef, the commercial space station concept announced Oct. 25 by a team that includes Sierra Space along with Blue Origin, Boeing and Redwire.
It appears that the investment community likes the Orbital Reef commercial space station concept, and especially likes Sierra Space’s part in it. This influx of cash also suggests that the investors got a good look at the status of Dream Chaser, and were satisfied its development was proceeding as planned.
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 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 Space, the space subsidiary of Sierra Nevada, has raised $1.4 billion in investment capital in a recent round of fund-raising.
The company will use the funds to support development of Dream Chaser, the lifting-body vehicle it is building for to transport cargo for the International Space Station starting in late 2022. The company originally developed Dream Chaser to carry people as a competitor in NASA’s commercial crew program, and company executives have frequently stated they still plan to develop a crewed version at a later date.
The funds will also support development of its Large Integrated Flexible Environment (LIFE) inflatable module. Both LIFE and Dream Chaser are part of Orbital Reef, the commercial space station concept announced Oct. 25 by a team that includes Sierra Space along with Blue Origin, Boeing and Redwire.
It appears that the investment community likes the Orbital Reef commercial space station concept, and especially likes Sierra Space’s part in it. This influx of cash also suggests that the investors got a good look at the status of Dream Chaser, and were satisfied its development was proceeding as planned.
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 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
With their expandable habitat plans, I wonder if Sierra’s hired ex-Bigelow people for additional experience.
I hope so. Investors can be fickle busy-bodies who interfere with engineers. Were I Bezos, I would have given them five billion-then I would have given them the bigger gift of walking away.
Wow! $1.4 billion, that’s big money. Not least for Sierra Space. Didn’t they develop the dreamchaser for much less than that?