Sierra Nevada Corporation (SNC) has created Sierra Space, a new, commercial, space company. The new company’s “space-as-a-service” business model will leverage cutting-edge technologies, such as Dream Chaser® spaceplanes and expandable LIFE™ habitats, within the fast-growing new space economy, which is projected to grow to $1.4 trillion by 2030.
With assets transitioned from the SNC’s Space Systems business area, Sierra Space will deliver the future of space transportation, destinations and infrastructure, including plans to offer the first free-flying commercial space station.
The new commercial space station integrates the large size and versatility of LIFE habitats with the high cargo capacity, and non-toxic runway returns to Earth, of the Dream Chaser spaceplane. Under NASA contract, Dream Chaser will perform the first of at least seven cargo missions to the International Space Station starting next year.
Sierra Space will take advantage of synergies made possible by SNC’s broad customer base and industry-leading space technology. Sierra Space will have the independence to seek creative partnerships and market opportunities to scale its growth quickly and capitalize on a fast-growing and competitive marketplace. The company begins its journey with $3 billion+ in active contracts and anticipates revenues exceeding $4 billion within the decade.
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