Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, is finalizing a raise of nearly $300 million, CNBC has learned.
Sierra Space expects to announce the raise as soon as this week, those people said.
Two years ago, Sierra Space raised $1.4 billion at a $4.5 billion valuation from investors including General Atlantic, BlackRock, AE Industrial Partners, Coatue and Moore Strategic Ventures.
The fresh funds come as Sierra Space focuses on getting its Dream Chaser spaceplane flying.
Sierra Space is also one of several companies working on a private space station.
Persons:
MUFG
Organizations:
Space, Sierra Nevada Corporation, CNBC, Sierra, Tokio Marine, Citigroup, General Atlantic, Partners, Coatue, Moore Strategic Ventures, NASA Space Shuttle, United, Vulcan
Locations:
Tokio, BlackRock