General Atlantic, Coatue and Moore Strategic Ventures led a $1.4bn Series A funding round in Sierra Space.

General Atlantic, Coatue and Moore Strategic Ventures, three private equity firms, led a $1.4bn Series A funding round in Sierra Space, a commercial space company. Additional investors include BlackRock and AE Industrial Partners. “We are building the next generation of space transportation systems and in-space infrastructures and destinations that will enable humanity to build and sustain thriving civilizations beyond Earth. Equally as important, Sierra Space is building the next platform for business. Space provides a unique environment that will enable new breakthroughs in critical areas such as pharmaceuticals, semiconductors, fiber optics and energy that will directly enhance our life on Earth,” Tom Vice, Sierra Space CEO.