Sierra Space Secures $550 Million In Series C Round Led By LuminArx Capital Management

Sierra Space announced a $550 million Series C funding round led by LuminArx Capital Management, with participation from General Atlantic, Coatue, Moore Strategic Ventures, and Andalusian Private Capital, and Moelis & Company serving as the placement agent. This funding values the company at $8 billion.

Summary of transaction details:

• Deal Type: Series C
• Transaction Amount: $550,000,000
• Company Valuation: $8,000,000,000
• Headquarters: Louisville, Colorado
• Founders: Eren Ozmen & Fatih Ozmen
• Notable Investors: LuminArx Capital Management, General Atlantic, Coatue, Moore Strategic Ventures, Andalusian Private Capital; Moelis & Company

The company is known for its expansion into national security work, securing contracts with the Department of Defense, the Intelligence Community, and the Space Development Agency. CEO Dan Jablonsky and founder/board chair Fatih Ozmen are focused on advancing Sierra Space's reusable Dream Chaser spaceplane and satellite production capabilities.