Sierra Space raises another $290 million in private investment capital
Sierra Space today announced that during its most recent funding round it successfully raised another $290 million in private investment capital, bringing the total capital it has raised to $1.7 billion.
The round is co-led by Japan’s largest bank, MUFG, Kanematsu Corporation, a Japanese trading company and Tokio Marine & Nichido Fire Insurance, Japan’s largest property and casualty insurance group with participation from Sierra Space’s existing investors. The companies are already participating in a JAXA (Japanese Aerospace Exploration Agency) study to explore how to conduct activities in LEO as the ISS approaches the end of service.
These Japanese partnerships act to strengthen Sierra’s already strong links to Japan, including ongoing negotiations to land its Dream Chaser reusable mini-shuttes at Oita Airport, as well as partnership deals with Kanematsu, Japan Airlines and Mitsubishi.
This successful fund-raising round suggests strongly that the company’s plans to finally have its first Dream Chaser cargo shuttle, Tenacity, ready to fly in December might actually happen. Or at least, that plan acted to convince these investors to pony up some cash.
Hat tip to Jay, BtB’s stringer.
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Sierra Space today announced that during its most recent funding round it successfully raised another $290 million in private investment capital, bringing the total capital it has raised to $1.7 billion.
The round is co-led by Japan’s largest bank, MUFG, Kanematsu Corporation, a Japanese trading company and Tokio Marine & Nichido Fire Insurance, Japan’s largest property and casualty insurance group with participation from Sierra Space’s existing investors. The companies are already participating in a JAXA (Japanese Aerospace Exploration Agency) study to explore how to conduct activities in LEO as the ISS approaches the end of service.
These Japanese partnerships act to strengthen Sierra’s already strong links to Japan, including ongoing negotiations to land its Dream Chaser reusable mini-shuttes at Oita Airport, as well as partnership deals with Kanematsu, Japan Airlines and Mitsubishi.
This successful fund-raising round suggests strongly that the company’s plans to finally have its first Dream Chaser cargo shuttle, Tenacity, ready to fly in December might actually happen. Or at least, that plan acted to convince these investors to pony up some cash.
Hat tip to Jay, BtB’s stringer.
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.
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