Sierra Space raises $1.4 billion at $4.5 billion valuation as it builds spaceplane, space station

Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, raised $1.4 billion.

Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, raised $1.4 billion in new capital.

Sierra Space has two major projects in development: The Dream Chaser spaceplane and the Orbital Reef space station, the latter which it partnered with Jeff Bezos' Blue Origin to build.Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, raised $1.4 billion as the company expands its portfolio of space transportation products.

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