Sierra Space raises $ 1.4 billion in fundraising campaign | Business

The Series A primary capital investment was “the first capital increase for the company and the second largest private capital increase in the aerospace and defense industry in the world,” according to a statement. Funds and accounts managed by BlackRock Private Equity Partners and AE Industrial Partners led the campaign, the statement said.

It is also teaming up with space exploration company Blue Origin, founded by Amazon CEO Jeff Bezos, to develop a commercial space station.

“We have worked hard for years to develop Sierra Space’s business from its inception in 2008 until today, where it has grown significantly to occupy a unique and strategic position in the growing commercial space industry. “said Fatih Ozmen, Chairman of the Board of Directors of Sierra Space and CEO of Sierra Nevada Corp. in a press release. “Sierra Space is now at the right scale and, with its advanced technologies and turnkey capabilities, it is poised to significantly accelerate its growth with this investment. ”

Sierra Nevada Corp. halted its space program now known as Sierra Space in April. Sierra Space has 1,100 employees, the statement said. “We are building the next generation of space transportation systems and space infrastructure and destinations that will enable humanity to build and sustain thriving civilizations beyond Earth,” said Tom Vice, Director General of Sierra Space, in a statement.

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