From CNBC: 2024-04-10 15:37:38

Sierra Space is expanding its satellite offerings with the unveiling of its Eclipse line of satellite buses, designed for missions in various orbits. Valued at $5.3 billion, the company was founded by Sierra Nevada Corporation and offers a diverse space and defense tech portfolio including the Dream Chaser spaceplane and commercial space station with Blue Origin.

Sierra Space’s Dream Chaser spaceplane is on track for its maiden flight in Q4, passing initial environmental testing. The company sees opportunities in microgravity research for areas like stem cells and oncology, citing a potential $3.7 trillion market by 2038. Sierra is finalizing a Series B funding round, eyeing a potential IPO in the near future.

Sierra Space plans to double its workforce this year after significant layoffs in November, aiming to become cash flow positive. The company has received offers for a SPAC IPO but is leaning towards a traditional IPO process. Sierra’s sales are projected to double in 2024, with a backlog exceeding $4 billion.

Sierra Space has identified opportunities in microgravity research and manufacturing, focusing on sectors like stem cells and industrial glass. The company is targeting a $3.7 trillion market by 2038, leveraging its expertise in spacecraft subsystems to drive industry disruption on earth. Plans for a potential IPO next year are in the works.



Read more at CNBC: Sierra Space CEO talks IPO plans, satellite launch and Dream Chaser