Sierra Space raised $290 million in equity during its Series B funding, increasing its total investment to $1.7 billion. A Japanese consortium led the private capital infusion that elevated the commercial space company’s valuation to $5.3 billion. MUFG, Japan’s largest bank, along with Kanematsu and Tokio Marine & Nichido Fire Insurance, formed the lead investor group in the latest funding round, Sierra Space said.
Commercial space station company Sierra Space announced a $290 million Series B funding round on Tuesday, valuing the company at $5.3 billion. The round