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Billionaire-owned Sierra Nevada Corp. creating new space company to bet on a low-Earth orbit economy

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Sierra Nevada’s Dream Chaser spacecraft in orbit

Source: Sierra Nevada Corporation

Another company is coming to the commercial space industry, but unlike many of the new start-ups capturing the imagination, this one already touts billions of dollars in business.

And it could potentially be soon courting investors.

Privately held Sierra Nevada Corporation (SNC) is creating Sierra Space, an independent commercial space company with a portfolio that includes, among other things, a reusable space plane and a commercial space station — big bets under development that the new organizational structure is intended to accelerate.

“Our space business is a unique example of our growth strategy. What…



Source cnbc.com

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