Sierra Space
Valuation
~$5.3B (2023 valuation)
Current Status
Dream Chaser 'Tenacity' at KSC undergoing final testing. Launch delayed to Q4 2026 due to carbon composite fuselage production issues. Mission restructured: will fly as a free-flyer demonstration instead of ISS docking on first flight. Runway landing at Vandenberg SFB. Partners with Blue Origin on Orbital Reef station.
Future Outlook
Dream Chaser Q4 2026 first flight. If successful, begins regular CRS-2 cargo missions to ISS. LIFE habitat module prototyped for Orbital Reef and potential standalone station. Only winged US spacecraft since Space Shuttle — runway landing enables rapid turnaround and sensitive cargo return.
Key Products
Recent Milestones
Dream Chaser delivered to Kennedy Space Center for launch preparations
2024
Propulsion system and software certification by NASA in progress
2025
Schedule revised — research flights pushed from summer to fall 2026
Aug 2025
First mission confirmed as free-flyer (not ISS docking) due to timing
Sep 2025