Sierra Nevada Corporation is creating Sierra Space, an independent commercial space company, with a portfolio that totals $3 billion in active contracts, reports @MorganLBrennan:
Billionaire-owned Sierra Nevada Corp. creating new space company to bet on a low-Earth orbit economyPUBLISHED WED, APR 14 20217:00 AM EDTMorgan Brennan@MORGANLBRENNANKEY POINTSPrivately held Sierra Nevada Corporation (SNC) is creating Sierra Space, an independent commercial space company.Sparks, Nevada-based Sierra is 100% owned by husband and wife team, Fatih and Eren Ozmen, Turkish immigrants-turned-billionaires.“We envision a vibrant low-Earth orbit economy with fleets of Dream Chaser spaceplanes, a commercial space station, expandable LIFE habitats that can travel to the moon and Mars, and critical infrastructure like power generation, propulsion, and environmental systems,” according to an internal email with the announcement viewed by CNBC.
Sierra Nevada Corp. will spin off its Space Systems division into an independent company, Sierra Space, over the next several months. It projects current revenues of $400M/yr to grow by 10x in the next 5-10 years.
Part of Sierra Nevada may be preparing to go SPAC. Worth noting that the projected revenues are largely based on securing future NASA contracts for Dream Chaser and habitats. Certainly no guarantee of that.
Great alliance...https://twitter.com/SierraSpaceCo/status/1531666964120317956I hope they make an IPO soon...
Wow...https://spacenews.com/sierra-space-signs-agreement-with-turkish-space-agency/
Sierra Space signs agreement with Turkish Space AgencyWASHINGTON — Sierra Space announced an agreement with the Turkish Space Agency and an affiliated company June 29 that could lead to cooperation on human spaceflight and lunar missions.Sierra Space said it signed a memorandum of cooperation with the Turkish Space Agency and ESEN Sistem Entegrasyon, a Turkish company affiliated with Sierra Nevada Corporation, spanning a broad range of potential partnerships among the organizations that could include use of Sierra Space’s Dream Chaser spacecraft and inflatable modules it is developing for the Orbital Reef space station.>
https://spacenews.com/sierra-space-signs-agreement-with-turkish-space-agency/QuoteSierra Space signs agreement with Turkish Space AgencyWASHINGTON — Sierra Space announced an agreement with the Turkish Space Agency and an affiliated company June 29 that could lead to cooperation on human spaceflight and lunar missions.Sierra Space said it signed a memorandum of cooperation with the Turkish Space Agency and ESEN Sistem Entegrasyon, a Turkish company affiliated with Sierra Nevada Corporation, spanning a broad range of potential partnerships among the organizations that could include use of Sierra Space’s Dream Chaser spacecraft and inflatable modules it is developing for the Orbital Reef space station.>
It's actually TUA, Türkiye Uzay Ajansı, and my pure guess is that they will rent space in modules and buy seats on Dream Chasers as needed. Minimizes their capital outlay.
The future of the ISS and the risk of a gap for continued U.S. presence in LEO have garnered headlines for months.We must not lose sight, however, of the biggest and most concerning risk to the United States’ leadership in the commercial orbital age: China.[...] China is showing no sign of slowing down and, in fact, could outpace the rest of the world in space transportation and LEO infrastructure.
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Quote from: docmordrid on 06/30/2022 12:49 amIt's actually TUA, Türkiye Uzay Ajansı, and my pure guess is that they will rent space in modules and buy seats on Dream Chasers as needed. Minimizes their capital outlay.Doubt that this cooperation will result in anything other than to bring the first Turkish astronaut to space in some sort of a short patriotic mission. I've been hearing about Turks ramping up their space game for about 20 years now and still they haven't achieved anything notable. Not to mention that currently Turkiye's economy is in pretty bad shape.
Sierra Space has signed a Cooperative Research & Development Agreement (CRADA) with @US_TRANSCOM to work together to develop solutions using Sierra Space’s Dream Chaser spaceplanes, Shooting Star cargo modules, and on-orbit infrastructure.https://twitter.com/SierraSpaceCo/status/1567875538412343296
Sponsored PostThe next and most profound industrial revolution in human history is underway in Low Earth Orbitby Tom Vice - Sierra Space CEO — November 21, 2022Riding on the shoulders of the Apollo generation, the Artemis missions will pave the way for humans to return to the moon, begin human exploration of Mars, and someday for humanity to reach the edges of our solar system and beyond.