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- Sierra Space
Sierra Space Revenue, Valuation, Funding & Investors
Sierra Space is valued at $8B as of March 2026.
Last Sierra Space valuation
$8B
Series C · Mar 2026
Last Sierra Space funding round
$550M
Series C · Mar 2026
Sierra Space revenue
$45M
Series A · Nov 2021
Key investors in Sierra Space
Coatue
General Atlantic
Moore Strategic Ventures
BlackRock
MUFG Bank
AE Industrial Partners
About Sierra Space
Sierra Space is a Louisville, Colorado-headquartered commercial space company developing Dream Chaser spaceplane for cargo resupply missions to the International Space Station under NASA contracts. The firm advances inflatable habitats like LIFE modules for orbital stations and produces propulsion systems, solar arrays, and life support technologies. With roots in Sierra Nevada Corporation's 500-plus missions since 1963, Sierra Space partners with NASA, Blue Origin, and Lockheed Martin on Orbital Reef commercial station. Its facilities in Colorado and Alabama support rapid production for satellite constellations.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Services, Product sales
Revenue
$45M (Nov 2021)
Valuation
$8B (Mar 2026)
Sierra Space Valuation
Sierra Space is currently valued at $8B, based on its Series C in March 2026.
The $550M round was led by LuminArx Capital Management LP, with participation from Andalusian Private Capital, General Atlantic, Coatue and Moore Strategic Ventures.
Sierra Space's valuation has grown 1.8x from $4.5B at its Series A in November 2021 to $8B in March 2026, across 3 priced rounds.
Sierra Space valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2026 | Series C | $8B | - |
| Sep 2023 | Series B | $5.3B | - |
| Nov 2021 | Series A | $4.5B | 100.0x |
Sierra Space Revenue
Sierra Space's latest recorded revenue is $45M, as of its Series A in November 2021. At a $4.5B valuation, that implies a 100.0x revenue multiple.
Sierra Space revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2021 | $45M | $4.5B | 100.0x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Sierra Space Funding History
Sierra Space has raised a total of $2.2B across 3 funding rounds.
Sierra Space's first fundraising round was a $1.4B Series A in November 2021. The most recent completed round was a $550M Series C in March 2026.
Sierra Space funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Series C | LuminArx Capital Management LP (lead); Andalusian Private Capital; General Atlantic; Coatue; Moore Strategic Ventures | $550M | $8B | - |
| Sep 2023 | Series B | Kanematsu (lead); MUFG Bank (lead); Tokio Marine & Nichido Fire Insurance Dubai Branch (lead); General Atlantic; Coatue; Moore Strategic Ventures | $290M | $5.3B | Sierra Space, a commercial space company headquartered in Louisville, Colorado, develops end-to-end space technologies including the Dream Chaser reusable spaceplane for NASA cargo resupply missions to the International Space Station and the LIFE inflatable habitat for commercial space stations. It is a principal partner with Blue Origin on the Orbital Reef mixed-use business park in low Earth orbit, expected to be operational by the end of the decade, and provides space-as-a-service solutions in solar power, propulsion, life support, and other subsystems. The company reported $3.4 billion in active customer contracts as of September 2023. On September 26, 2023, Sierra Space closed a $290 million Series B funding round, co-led by Kanematsu Corporation, MUFG Bank, and Tokio Marine & Nichido Fire Insurance Dubai Branch, with participation from Coatue, General Atlantic, Moore Strategic Ventures, BlackRock Private Equity Partners, AE Industrial Partners, and others. This infusion brought the company's total capital raised to a record $1.7 billion for a commercial space company across Series A and B rounds and elevated its post-money valuation to $5.3 billion. Citi acted as the private placement agent for the transaction. The funding supports the transition of Dream Chaser into orbital operations, development of the first commercial space station as the next phase of in-space infrastructure, expansion of national security offerings, and scaling of space systems components business. Sierra Space aims to forge global partnerships, particularly with Japanese investors, to accelerate its transformational space tech ecosystem. Recent milestones include successful burst tests on subscale LIFE habitats, with full-scale tests and a pathfinder demonstration mission planned for 2026, alongside Dream Chaser's first flight aboard United Launch Alliance's Vulcan Centaur in 2024. This round follows Sierra Space's $1.4 billion Series A in 2021 and positions it among leaders in commercial space stations, comparable to Axiom Space's recent funding. The company's focus on commercial alternatives to the ISS, backed by NASA awards, underscores its role in the emerging space economy. |
| Nov 2021 | Series A | Coatue (lead); General Atlantic (lead); Moore Strategic Ventures (lead); AE Industrial Partners; BlackRock | $1.4B | $4.5B | Sierra Space, a Louisville, Colorado-based commercial space transportation and infrastructure company spun out from Sierra Nevada Corporation, raised $1.4 billion in a Series A funding round on November 19, 2021, achieving a $4.5 billion valuation. The round was led by Coatue, General Atlantic, and Moore Strategic Ventures, with participation from BlackRock, AE Industrial Partners, and others, marking one of the largest VC raises in the aerospace sector. The capital will accelerate development of the Dream Chaser reusable spaceplane for cargo and crewed missions to the International Space Station and the Large Integrated Flexible Environment (LIFE) Habitat, key components of the Orbital Reef commercial space station in partnership with Blue Origin. Sierra Space aims to enable space-based breakthroughs in pharmaceuticals, semiconductors, and energy while building infrastructure for civilizations beyond Earth. Founded from SNC's space business dating back to 2008, Sierra Space holds a strategic position in the expanding commercial space economy, with majority ownership retained by SNC principals Fatih and Eren Ozmen. |
Who has invested in Sierra Space?
10 investors have backed Sierra Space across its funding rounds, including Coatue, General Atlantic, Moore Strategic Ventures, BlackRock, MUFG Bank and AE Industrial Partners.
Lead investors include LuminArx Capital Management LP, Kanematsu, MUFG Bank, Tokio Marine & Nichido Fire Insurance Dubai Branch, Coatue and 2 other investors.
Sierra Space Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Nov 2021 | ||
| 3 | Lead | Nov 2021 | ||
| 3 | Lead | Nov 2021 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Lead | Mar 2026 | ||
| 1 | Lead | Sep 2023 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Lead | Sep 2023 | ||
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Start Free TrialSierra Space Competitors
Sierra Space competitors include listed companies like Embraer, AVIC Chengdu Aircraft and Korea Aerospace Industries, and private ones like Mach Industries, ABL Space Systems and True Anomaly.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7.6B | $604M | $13B | 1.7x | ||
| Private | - | - | $3.7B | - | ||
| Private | $19M | - | $2.4B | - | ||
| Publicly listed | $11B | $895M | $29B | 2.2x | ||
| Private | - | - | $2.2B | - | ||
| Publicly listed | $2.7B | $273M | $9.3B | 3.3x |
Sierra Space Public Comps
Sierra Space is still privately-owned, but its public comps include CAE, AVIC Airborne Systems, Guide Infrared, AeroVironment, StandardAero, Shimadzu, Kratos Defense & Security, China Aerospace Times, Kuang-Chi and Avic Xian Aircraft.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.5B | $741M | 2.8x | 2.7x | 13.2x | 11.7x | |||
| $3.6B | $478M | 2.6x | 2.6x | 19.4x | 20.2x | |||
| $689M | $176M | 11.2x | 9.3x | 43.8x | - | |||
| $2B | ($35M) | 4.3x | 4.2x | (245.2x) | 28.5x | |||
| $6.1B | $745M | 1.6x | 1.6x | 13.2x | 11.2x | |||
| $3.6B | $646M | 1.7x | 1.7x | 9.7x | 9.9x | |||
| $1.3B | $87M | 5.7x | 4.6x | 88.1x | 48.1x | |||
| $2.1B | $166M | 3.9x | 3.5x | 48.1x | - | |||
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Common questions about Sierra Space
| When was Sierra Space founded? | Sierra Space was founded in 2021. |
| Where is Sierra Space headquartered? | Sierra Space is headquartered in Louisville, KY, United States. |
| Is Sierra Space publicly listed? | No, Sierra Space is a private, VC-backed company. |
| What is Sierra Space's valuation? | Sierra Space was last valued at $8B in its Series C in March 2026. |
| How much funding has Sierra Space raised? | Sierra Space has raised $2.2B across 3 funding rounds. |
| What was Sierra Space's last funding round? | Sierra Space's last funding round was a $550M Series C in March 2026, led by LuminArx Capital Management LP. |
| Who are Sierra Space's investors? | Sierra Space's investors include General Atlantic, Coatue, Moore Strategic Ventures, AE Industrial Partners, LuminArx Capital Management LP, Kanematsu, Andalusian Private Capital, Tokio Marine & Nichido Fire Insurance Dubai Branch, BlackRock and MUFG Bank. |
| What is Sierra Space's revenue? | Sierra Space's latest recorded revenue is $45M (November 2021). |
| What is Sierra Space's revenue multiple? | Sierra Space's latest valuation implies a 100.0x revenue multiple ($4.5B valuation on $45M of revenue). |
| Which companies are comparable to Sierra Space? | Companies comparable to Sierra Space include Embraer, Mach Industries, ABL Space Systems, AVIC Chengdu Aircraft, True Anomaly and Korea Aerospace Industries. |
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