Companies · Defense

Sierra Space Corp

Louisville · Defense · refined from filed group “Other · https://www.sierraspace.com/

Diligence memoA one-page analyst read on Sierra Space Corp — recommendation, valuation, rhythm, risks.
$2.0B
Total raised · real
3
Rounds
18.0×
Latest step-up
Top 3%
Sector rank · raised
Growth/Late
Latest stage · inferred · Mon Mar 02 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Sierra Space Corp has raised $2.0B over 3 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the defense sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Active
  • Last raise 4 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Defense

Sierra Space Corp is one of 61 Defense companies tracked from Louisville. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Sierra Space is a Defense Tech leader developing satellites, subsystems, spaceplanes, hypersonics & infrastructure for national security.

Sierra Space is a Defense Tech leader developing satellites, subsystems, spaceplanes, hypersonics & infrastructure for national security. We build and deliver mission-proven technologies that safeguard our nation, sustain human presence in space, and secure the freedom of operations in the domain above Earth. Developing a next generation product line of small, high performance, affordable satellites for on orbit servicing missions. Sierra Space has developed Surface Mount Technology (SMT) to significantly reduce the lead-time of space power, offering fully assembled and tested solar arrays. Defining, analyzing, and testing turnkey solutions using state-of-the-art tools and integration equipment. Patented rocket propulsion technologies, state-of-the-art testing and analysis services. Sierra Space is ushering in the next era of space exploration with its revolutionary fleet of Dream Chaser® spaceplanes. The only commercial runway capable spaceplane. Developing environmental systems that enable life-support in microgravity conditions. Opening the next chapter of human space exploration and development. Advancing on-orbit biomanufacturing and providing extraordinary advantages for prod

climate/cleantechdefensespace/aerospace
Find Sierra Space online

Trades publicly as Sierra Space.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
2
Investors (latest)
2021
Year incorporated
2026-03-02
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$12.5B$25.0B$37.5B$50.0BGrowth/Late · 2021-12-01 Raised $1.4B (real) Modeled valuation $34.4B (est)Growth/Late2021Series B · 2022-01-28 Raised $24M (real) Modeled valuation $435M (est)Series B2022Series B · 2022-01-28 Raised $24M (real) Modeled valuation $434M (est)Series B2022Series B · 2022-01-28 Raised $19M (real) Modeled valuation $340M (est)Series B2022Series A · 2022-01-28 Raised $9.0M (real) Modeled valuation $135M (est)Series A2022Series B · 2022-01-28 Raised $21M (real) Modeled valuation $376M (est)Series B2022Series A · 2022-01-28 Raised $8.9M (real) Modeled valuation $134M (est)Series A2022Series B · 2022-01-28 Raised $26M (real) Modeled valuation $464M (est)Series B2022Growth/Late · 2022-01-28 Raised $31M (real) Modeled valuation $720M (est)Growth/Late2022Growth/Late · 2026-03-02 Raised $550M (real) Modeled valuation $5.5B (est)Growth/Late2026+$24M+$24M+$19M+$9.0M+$21M+$8.9M+$26M+$31M+$550MCumulative $2.1B

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Growth/Late$1.4B · 2021
Bridge · Growth/Late-stage$24.4M · 2022smaller follow-on
Bridge · Growth/Late-stage$24.3M · 2022smaller follow-on
Bridge · Growth/Late-stage$19.1M · 2022smaller follow-on
Bridge · Growth/Late-stage$9.0M · 2022smaller follow-on
Bridge · Growth/Late-stage$21.1M · 2022smaller follow-on
Bridge · Growth/Late-stage$8.9M · 2022smaller follow-on
Bridge · Growth/Late-stage$26.0M · 2022smaller follow-on
Growth/Late extension$30.6M · 2022
Growth/Late extension$550.0M · 2026

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 43%.

Modeled valuation trajectory
$5.5B
Base estimate est.
$4.5B
Conservative case
$5.9B
Upside case
$5.5B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the defense sector profile. Directional, not a quoted figure.

Growth/Late · modeled $34.4B · 2021-12-012021Series B · modeled $435.3M · 2022-01-28Series B · modeled $433.8M · 2022-01-28Series B · modeled $340.1M · 2022-01-28Series A · modeled $134.5M · 2022-01-28Series B · modeled $375.9M · 2022-01-28Series A · modeled $133.5M · 2022-01-28Series B · modeled $464.4M · 2022-01-28Growth/Late · modeled $719.6M · 2022-01-28Growth/Late · modeled $5.5B · 2026-03-022026
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
94%
Survival probability
81% low · 98% high
1.23×/yr
Annual markup
1.34×/yr upside case
0.3 yr
Elapsed time used
0.3 yr actual, capped for stale marks
defense
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$469.0M/yr
Capital velocity
4.6 yr
On record since
2021
First round
10
Rounds on file
How it compares to the market

Benchmarked against 61 companies in Defense. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 307× above median
This company$2.0B
Sector median$6.5M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.6× of median
This company$550.0M
Sector median$981.1M
Modeled value — vs sector median (estimate, all stages) 111× above median
This company$5.5B
Sector median$49.6M

Raised more than 98% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
World View Enterprises Inc.Growth/Late$2.6B$30.6B1.69×
Sierra Space Corp this companyGrowth/Late$2.0B$5.5B0.31×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Growth/Late$1.4B2021-12-01$14.1B$34.4B90%
Series B$24.4M2022-01-28$135.6M$435.3M90%
Series B$24.3M2022-01-28$135.1M$433.8M90%
Series B$19.1M2022-01-28$105.9M$340.1M90%
Series A$9.0M2022-01-28$40.9M$134.5M90%
Series B$21.1M2022-01-28$117.1M$375.9M90%
Series A$8.9M2022-01-28$40.6M$133.5M90%
Series B$26.0M2022-01-28$144.6M$464.4M90%
Growth/Late$30.6M2022-01-28$305.6M$719.6M90%
Growth/Late$550.0M2026-03-02$5.5B$5.5B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Growth/Late$1.4B2021-12-01
    • First recorded raise — entered as Growth/Late.
    • 31 investors on this round.
  2. Series B$24.4M2022-01-28
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 57.9× smaller than the prior — bridge or down round.
    • 32 investors on this round.
  3. Series B$24.3M2022-01-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 25 investors on this round.
  4. Series B$19.1M2022-01-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 23 investors on this round.
  5. Series A$9.0M2022-01-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  6. Series B$21.1M2022-01-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.3× larger than the prior — scaling up.
    • 24 investors on this round.
  7. Series A$8.9M2022-01-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  8. Series B$26.0M2022-01-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.9× larger than the prior — scaling up.
    • 34 investors on this round.
  9. Growth/Late$30.6M2022-01-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 37 investors on this round.
  10. Growth/Late$550.0M2026-03-02
    • Raised again after 49 mo — slower than the ~11 mo sector norm.
    • Round 18.0× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~6mo cadence
$1.6B
Modeled next size est.range $1.1B$2.6B
18.0×
Last step-up
$469.0M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
GREGORY SMITH12 other2022-01
Colin Bryant6 other2026-03
William Ford2 other2021-12
Eren Ozmen1 other2021-12
Fatih Ozmen1 other2021-12
Cyrus Behbehani2021-12
Dan Jablonsky2026-03
Jeff Babione2022-01
John Abizaid2021-12
John Toriello2026-03
Kelly Garehime2022-01
Philippe Laffont2022-01
Philippe Laffonte2021-12
Sue Payton2022-01
Tom Vice2021-12
Troy Lahr2022-01
Registry & provenance

Sierra Space Corp is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1899675
SEC CIK
2021
Incorporated
Recent activityActive

Discovered from sierraspace — the partnerships, launches, hiring and press it publishes about itself. Evidence the company is alive and what it is doing now, not financial data.

Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
World View Enterprises Inc.DefenseGrowth/Late$2.6B$30.6Bsame sector · same stage
CareCore National Group, LLCOther Health CareGrowth/Late$426.6M$10.1Bnetwork1 shared operator · same stage
Snc Holdco LlcOtherSeries C$61.7M$485.5Mnetwork2 shared operators
Onebrief, Inc.DefenseSeries D+$491.1M$3.0Bsame sector
Own Tactical Equipment I LLCDefenseSeries D+$197.5M$2.1Bsame sector
Vector Defense, Inc.DefenseSeries C$61.1M$368.8Msame sector
Binary Defense Systems, Inc.DefenseSeries B$36.4M$500.9Msame sector
Defense Unicorns, Inc.DefenseSeries B$35.5M$309.5Msame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
TransAstra Corporation
Orbital logistics: Unleashing space industry, from Earth to asteroids
Space / Aerospace74%
Dispatch
Satellites for Manufacturing in Space
Biotech74%
Pinnacle Aerospace, LLCManufacturingSeries A$44.9M73%
Sierra International Network IncOther TechnologySeries D+$959.5M73%
Kapta Space Corp.Other TechnologySeries A$21.9M73%
Space Exploration Technologies Corp
Space Exploration Technologies designs and manufactures rockets and advanced space crafts. The company to revolutionize space technology.
Space / AerospaceGrowth/Late$4.4B73%
Cascade Space
Commercial alternative to the Deep Space Network
SaaS / Software73%
Sierra Labs Inc.Software / TechSeries A$37.4M72%
Frequently asked
How much funding has Sierra Space Corp raised?
Sierra Space Corp has raised approximately $2.0B in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Sierra Space Corp's estimated valuation?
Provath's modeled valuation for Sierra Space Corp is approximately $5.5B (modeled range $4.5B–$5.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sierra Space Corp at?
Sierra Space Corp's latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Mon Mar 02.
What does Sierra Space Corp do and where is it based?
Sierra Space Corp operates in the Defense sector, based in Louisville. Sierra Space is a Defense Tech leader developing satellites, subsystems, spaceplanes, hypersonics & infrastructure for national security.
Explore related

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