Benzinga
  • 2 days ago
Sierra Space CEO Tom Vice retired on Dec. 31, the company confirmed Monday, with Chairman Fatih Ozmen stepping in as interim CEO. Sierra Space was spun off from Sierra Nevada Corporation in 2021. It's valued at over $5 billion and among the most valuable private U.S. space companies. Delays in launching its reusable Dream Chaser cargo space plane have hindered its efforts to solidify its position in the industry. Dream Chaseris under NASA contracts for seven ISS cargo missions and is now targeting a May launch for its Tenacity space plane. The company continues to eye a potential IPO in 2025.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Sierra Space CEO Tom Weiss retired on December 31st, the company confirmed Monday,
00:06with Chairman Fatih Osman stepping in as interim CEO.
00:10Sierra Space was spun off from Sierra Nevada Corporation in 2021.
00:14It's valued at over $5 billion and ranks among the most valuable private U.S. space companies.
00:19Delays in launching its reusable Dream Chaser cargo space plane
00:23have hindered its efforts to solidify its position in the industry.
00:26Dream Chaser is under NASA contracts for seven ISS cargo missions and is now targeting a May
00:32launch for its Tenacity space plane. The company continues to eye a potential IPO in 2025.

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