Sierra Space, Valued At $5.3 Billion, Eyes IPO To 'Accelerate the New Space Economy' (yahoo.com) 26
Sierra Space CEO Tom Vice told Yahoo Finance it plans to go public within the next 18 months at a valuation of $5.3 billion. Since being spun out of defense contractor Sierra Nevada Corporation in 2021, the company has "placed its bets on building out the growing space economy, from developing rocket propulsion technology to a commercial space station with Blue Origin." From the report: Its ambitions have fueled the development of its cargo space plane, the Dream Chaser, set to have its inaugural mission to the International Space Station (ISS) in the second half of this year. Built to land on any commercial runway, the plane will lower the barrier to entry into low-earth orbit and open up business opportunities, Vice said. "Since the 1960s, every science experiment or human being that's come back to earth from space, even today, is still landing in a capsule in the ocean," he said. "We think changing and revolutionizing the way that we bring things back from space, both humans and cargo, and landing [the spacecraft] back at a commercial runway will completely accelerate the new space economy."
"We believe that the next big breakthrough products in oncology, longevity, and industrialized components like glass will be produced in low Earth orbit," Vice said, noting that many of those opportunities are likely to come from the development of commercial space stations to replace the decades-old ISS. Sierra Space has partnered with Blue Origin to build out the Orbital Reef, a commercially owned and operated space station, though recent reports have hinted at tension between the corporate partners. "We're transitioning from decades of government-run space stations with just a handful of government-trained astronauts to the full commercialization of low Earth orbit," Vice said. "We think that's going to create, we believe, probably the most profound industrial revolution and grow that space economy well over a trillion dollars by 2040."
"We believe that the next big breakthrough products in oncology, longevity, and industrialized components like glass will be produced in low Earth orbit," Vice said, noting that many of those opportunities are likely to come from the development of commercial space stations to replace the decades-old ISS. Sierra Space has partnered with Blue Origin to build out the Orbital Reef, a commercially owned and operated space station, though recent reports have hinted at tension between the corporate partners. "We're transitioning from decades of government-run space stations with just a handful of government-trained astronauts to the full commercialization of low Earth orbit," Vice said. "We think that's going to create, we believe, probably the most profound industrial revolution and grow that space economy well over a trillion dollars by 2040."
what about the Space Shuttle? (Score:4, Informative)
Re: (Score:3)
Since the 1960s, every science experiment or human being that's come back to earth from space, even today, is still landing in a capsule in the ocean
Kind of weird to forget about the Space Shuttle. Or, for that matter, the current X-37 used by the US military: it doesn't carry crew, but it is a reusable and lands on a runway. This kind of obvious omission doesn't give one a lot of confidence in the company...
Or maybe it's the journalism? That quote only seems to appear on bottom-feeding sites like Yahoo, MSN and LinkedIn.
Soyuz parachutes onto land (Score:2)
Soviet and Russian manned spacecraft don't do water landings, either. They usually parachute onto land. I think these guys just don't have a clue.
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It's good he believes so much in himself, because Lord knows he shouldn't believe in his launch partner Blue Origin!
Valuation checks out... (Score:2)
Not surprising that the valuation is in the billions. after all, it's got such a great heritage! It comes from the venerable Sierra family!
You should also check out their beer and their old gaming concern!
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It's not the same without Roberta Williams
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>There is nothing out there and no where else to live
The first part is obviously incorrect. Even given the vast distances involved, there's plenty of stuff we can reach within the Solar system.
The 'nowhere else to live' part is technology-dependent. All we really need is raw material and energy to manipulate it with... and there are plenty of options for that around us too.
As to the point of it all, perhaps you're not aware that your life will probably be completely forgotten and your effect on the wor
Re: (Score:2)
You have consumed way too much Kool-Aid.
Re: Waste That Money. (Score:2)
Nothing GP said contradicts physics.
The one suffering brain death is you.
Re: Waste That Money. (Score:2)
Communism got there first.
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Ah, some good old existential angst... Humans can live literally anywhere, given the necessary technology, raw materials and energy. On Mars, on the moon, in interplanetary space - it's all possible or potentially possible. The question is whether or not it makes sense at a particular point in time. Possibly not yet, but in 20 years? 50 years? Very possible. There are a lot of resources out there, as well as energy, that could be useful.
Fuck Capitalism.
Capitalism is the system that has pulled more people out of poverty tha
Sierra (Score:5, Funny)
Worth less than bitcoin (Score:2)
They value themselves at $5B.
I value them at a negative number. They have liabilities exceeding their assets and no income.
I'll take Bitcoin For Free over any amount of Sierra Space stock.
This is almost as stupid as Trump-Sneakers.
old school btc (Score:3)
Just like "unicorns", "weed stocks", "ev stocks" etc etc etc... they will valuate this thru the roof, IPO and dump.
Stock market is pure gambling now. The only advantage is that USA law requires your retirement manager to place bets. c'ching!
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They value themselves at $5B.
I value them at a negative number. They have liabilities exceeding their assets and no income.
I'll take Bitcoin For Free over any amount of Sierra Space stock.
This is almost as stupid as Trump-Sneakers.
Settle down. They have Blue Origin on board as a launch partner. They've clearly got a grip on what they're doing.
And before I get modded into oblivion, yes. I know. That's the joke.
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It is a bit of a joke when you consider e.g. Rocket Lab is worth only $1.8 billion, and they do everything - design, build and launch their own rockets, satellites/satellite busses etc and services, have a healthy track record of successful launches and a strong order book. It's hard to see how Sierra is worth 3x Rocket Lab.
"de-risking"? (Score:3)
From TA: “We spent the last three years de-risking our technology stack, de-risking our capital structure, de-risking our business plan,”
Is this a new buzzword? Their CEO uses it a lot
Oh for fuck's sake (Score:2)
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The current use of IPOs is so that the previous private but rich investors can sell their investment to another sucker before that sucker knows what is going on.
If they go the route of a SPAC, don't just stay away - run the other way.
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"Give us money, maybe we'll make it, maybe we won't, you don't know."
Well, I guess it's up to the investors to research the company and decide if they believe their claims. Hope it doesn't tank, but it probably will.