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- Sierra Space
Sierra Space 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
Cumulative funding Sierra Space raised
$2.2B
across 3 funding rounds
Key investors in Sierra Space
Coatue
General Atlantic
Moore Strategic Ventures
BlackRock
AE Industrial Partners
MUFG Bank
About Sierra Space
Sierra Space is a commercial space and defense-technology company headquartered in Louisville, Colorado. It builds satellites and spacecraft for national security and civil customers, high-rate solar arrays and other space subsystems, the Dream Chaser reusable spaceplane developed under a NASA contract to resupply the International Space Station, and the LIFE inflatable habitat for commercial space stations such as Orbital Reef, which it is developing with Blue Origin. Its contracts include a $450 million award to build satellites for a national security customer and a Space Development Agency Tranche 2 Tracking Layer contract worth up to $740 million for 18 missile warning and tracking satellites and it reported $3.4 billion in active contracts in 2023. The business was spun out of Sierra Nevada Corporation in 2021, inheriting more than 30 years of space flight heritage, and SNC, owned by Fatih and Eren Ozmen, remains its majority owner. Sierra Space raised a $1.4 billion Series A at a $4.5 billion valuation in November 2021, a $290 million Series B at $5.3 billion in September 2023 and a $550 million Series C led by LuminArx Capital Management at $8 billion in March 2026. Dream Chaser completed its manufacturing and assembly milestones in 2025, with a demonstration flight planned for late 2026.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Services, Product sales
Valuation
$8B (Mar 2026)
Sierra Space Valuation
Sierra Space is currently valued at $8B, based on its Series C in March 2026. Read the announcement ↗
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
| Date | Stage | Valuation |
|---|---|---|
| Mar 2026 | Series C | $8B |
| Sep 2023 | Series B | $5.3B |
| Nov 2021 | Series A | $4.5B |
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 | Sierra Space closed a $550 million Series C equity financing announced on March 5, 2026, at an $8 billion post-money valuation. The round was led by LuminArx Capital Management, a global alternative investment manager, with participation from existing investors including General Atlantic, Coatue, Moore Strategic Ventures and Andalusian Private Capital; Moelis & Company acted as exclusive placement agent. The valuation rose from $5.3 billion at the company's $290 million Series B in September 2023 and $4.5 billion at its $1.4 billion Series A in November 2021. Sierra Space, headquartered in Louisville, Colorado, said the capital would expand production capacity and support its national security space business beyond its existing satellite and spacecraft programmes. The company cited a $450 million award to build satellites for a national security customer and a Space Development Agency Tranche 2 Tracking Layer contract worth up to $740 million for 18 missile warning and tracking satellites. In 2025 it completed a new facility for high-rate solar array manufacturing and all manufacturing and assembly milestones for the Dream Chaser spaceplane, with a demonstration flight planned for late 2026. The company is chaired by Fatih Ozmen and led by chief executive Dan Jablonsky. |
| Sep 2023 | Series B | Kanematsu (lead); MUFG Bank (lead); Tokio Marine (lead); AE Industrial Partners; General Atlantic; BlackRock; 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, AE Industrial Partners and MUFG Bank.
Lead investors include LuminArx Capital Management LP, Kanematsu, MUFG Bank, Tokio Marine, 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 | ||
| 2 | Participant | Nov 2021 | ||
| 2 | Participant | Nov 2021 | ||
| 1 | Lead | Mar 2026 | ||
| 1 | Lead | Sep 2023 | ||
| 1 | Participant | Mar 2026 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialSierra Space Competitors
Sierra Space competitors include listed companies like Embraer, AVIC Chengdu Aircraft and Hanwha Systems, 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 | $902M | $29B | 2.2x | ||
| Private | - | - | $2.2B | - | ||
| Publicly listed | $2.7B | $240M | $8.5B | 3.2x |
Sierra Space Public Comps
Sierra Space is still privately-owned, but its public comps include AVIC Airborne Systems, Shimadzu, StandardAero, Kratos Defense & Security, CAE, Codan, Hanwha Systems, Mazagon Dock Shipbuilders, Korea Aerospace Industries and LIG Defense&Aerospace.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.6B | $481M | 2.5x | 2.6x | 19.1x | 20.0x | |||
| $3.6B | $638M | 2.1x | 1.9x | 11.4x | 11.4x | |||
| $6.1B | $745M | 1.7x | 1.6x | 13.6x | 11.5x | |||
| $1.3B | $87M | 4.8x | 3.8x | 74.3x | 38.9x | |||
| $3.5B | $740M | 2.9x | 2.9x | 13.8x | 12.3x | |||
| $615M | $201M | 12.4x | 11.2x | 37.9x | 32.3x | |||
| $2.7B | $240M | 3.6x | 3.2x | 40.9x | 26.8x | |||
| $1.4B | $250M | 4.4x | 4.4x | 24.2x | 26.8x | |||
This data is available for Pro users. Sign up to see all Sierra Space competitors and their valuation data. Start Free Trial | ||||||||
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, CO, 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, BlackRock, LuminArx Capital Management LP, Kanematsu, Andalusian Private Capital, MUFG Bank and Tokio Marine. |
| 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 Hanwha Systems. |
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