Transportation
Sierra Space Hastens IPO Groundwork Ahead of Spaceplane Debut
- Successful flight, market support key to offering, CEO says
- Sierra’s valuation over $5 billion after Sept. fundraising
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Sierra Space Corp. is making preliminary plans to go public and exploring possible acquisitions as the company drives toward debuting its long-awaited cargo spaceplane, potentially by the summer.
The Colorado-based company has begun laying the groundwork internally for an initial public offering, Chief Executive Officer Tom Vice told Bloomberg News in an interview on Thursday. Sierra hasn’t settled on timing but would take the step “when the market looks like it’ll give us the right credit for valuation.”