Space Commerce

MUFG, Other Japanese Firms Lead Big Series B Round for Sierra Space

By Craig Bamford
October 2, 2023
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MUFG, Other Japanese Firms Lead Big Series B Round for Sierra Space
Sierra Space’s inflatable LIFE habitat.
Image credit: Sierra Space.

Sierra Space has received a sizable investment this fall, making an announcement that they are finalizing a $290 million fundraising round led by three prominent Japanese financial institutions. 

When this latest Series B round concludes, Colorado-based Sierra Space will have raised $1.7 billion in investments, leading to a total valuation of $5.7 billion. In the company announcement, Sierra said that this stands as “the largest ever capital raise by a commercial space company over the combined Series A and B rounds.”


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Craig Bamford

Craig is a technology journalist with a strong focus on space-related startups, business, and pop culture. He started working in science & technology media in 2016, and began writing about the Canadian space sector in 2017 for SpaceQ. He is a graduate of the Norman Paterson School of International Affairs at Carleton University, where he specialized in international conflict analysis and conflict resolution. He lives in Toronto.