Sierra Space Series B Funding Raises $290M in Equity, Increases Total Investment to $1.7B; Tom Vice Quoted
Sierra Space raised $290 million in equity during its Series B funding, increasing its total investment to $1.7 billion. A Japanese consortium led the private capital infusion that elevated the commercial space company’s valuation to $5.3 billion. MUFG, Japan’s largest bank, along with Kanematsu and Tokio Marine & Nichido Fire Insurance, formed the lead investor group in the latest funding round, Sierra Space said.