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Sierra Space, a commercial space company spun out of defense contractor Sierra Nevada Corporation in 2021, is eyeing an initial public offering (IPO) within the next 18 months. The company, valued at $5.3 billion, is developing technologies to enable a new space economy, including its Dream Chaser spaceplane and partnerships on commercial space stations.
Sierra Space's flagship project, the Dream Chaser, is set for its inaugural mission to the International Space Station later this year. The reusable spaceplane is designed to land on commercial runways, potentially revolutionizing cargo and crew transport to and from low Earth orbit. The company believes this capability will accelerate the growth of commercial activities in space.
In preparation for a possible IPO, Sierra Space is finalizing a Series B funding round to raise capital for potential acquisitions and to strengthen its financial position. The company expects to double its sales in 2024 and reports a current backlog exceeding $4 billion. Sierra Space aims to become cash flow positive and plans to double its workforce this year following layoffs in late 2023.
CEO Tom Vice expressed confidence in the company's growth trajectory and its potential to usher in "the most profound industrial revolution in human history." He highlighted opportunities in microgravity research and manufacturing, particularly in fields like oncology, longevity studies, and industrial materials.
While Sierra Space has received offers to go public via special purpose acquisition companies (SPACs), the company intends to pursue a traditional IPO process. The timing and success of the IPO will likely depend on market conditions and the company's ability to demonstrate progress on its key projects, including the Dream Chaser and its partnership with Blue Origin on the Orbital Reef commercial space station.
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While Sierra Space's IPO prospects remain uncertain, investors eager to explore opportunities in the space technology sector don't have to wait. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides exposure to a diverse range of pre-IPO investments, including potential leaders in the aerospace and space exploration industries, with lower minimum investments than traditional private equity opportunities. This unique approach allows you to potentially benefit from the growth of innovative companies like Sierra Space before they hit the public markets.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
