Sierra Space joined the Unicorn Club on November 19, 2021, after raising a $1.41 billion Series A funding round led by General Atlantic and Coatue, which valued the company at $1.4 billion. Headquartered in Broomfield, Colorado, United States, Sierra Space develops advanced space systems, spacecraft, propulsion technologies, and components for commercial spaceflight, national security, and microgravity research. The company has raised a total of $1.74 billion to date and employs 1,023 people (as of December 2021).
Keep reading to learn more about Sierra Space's innovations in space technology and its ambitious plans for the future.
What Is Sierra Space and What Does It Do?
Founded in 2021, Sierra Space develops space systems and technologies with a focus on commercial spaceflight and space exploration. The company provides solutions for spaceplanes, space station habitats, propulsion systems, electrical power, environmental control systems, and other related systems. Its offerings include hardware and services designed to support both microgravity research and national security missions.
Sierra Space is building the future of space infrastructure, focusing on delivering cutting-edge technologies that enable humans to live and work in space, as well as transforming how space is accessed for commercial and research purposes.
How Much Funding Has Sierra Space Raised?
- Grant (Prize Money)
- Amount Raised: $1M
- Date: November 27, 2023
- Lead Investor: [Investor Name]
- Valuation: N/A (Grant funding)
- Purpose: Support specific space research and technology development.
- Series A
- Amount Raised: $1.41B
- Date: November 19, 2021
- Lead Investor: General Atlantic, Coatue
- Valuation: $1.4B
- Purpose: Accelerate the development of space systems and commercial spaceflight technologies.
Total Funding Raised: $1.74B
Latest Funding Date: November 27, 2023
Latest Valuation: $5.3B
Employee Count: 1,023 (as of December 31, 2021)
Key Investors
- General Atlantic
- Details: Global growth equity firm investing in high-growth companies across various sectors, including technology and space.
- Focus Areas: Space exploration, aerospace, and cutting-edge technology.
- Coatue
- Details: Venture capital and private equity firm focused on investing in innovative technology and growth-stage companies.
- Focus Areas: Technology, space, and emerging industries.
- BlackRock
- Details: Leading global asset manager with investments in technology, infrastructure, and aerospace.
- Focus Areas: Space tech, infrastructure, and public equities.
Where Is Sierra Space’s Headquarters?
Sierra Space is headquartered in Broomfield, Colorado, United States. The company is driving innovation in space technology and infrastructure, creating solutions for everything from spaceplanes to space station habitats. Its cutting-edge technologies support commercial spaceflight and national security applications, contributing to the advancement of humanity’s ability to explore and utilize space.
What’s Next for Sierra Space?
With its recent Series B funding and a valuation of $5.3 billion as of September 2023, Sierra Space is set to continue expanding its technologies. The company plans to focus on scaling its offerings for commercial spaceflight, microgravity research, and national security applications. Sierra Space is also working toward increasing its collaboration with other space organizations, enabling new capabilities in space exploration and human habitation.
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