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Sierra Space at $8B: the commercial space station dream is over, the defense prime era begins

Original: Sierra Space raises $550 million in Series C funding

AI Executive Summary

SpaceNews reports on the $550M raise led by LuminArx at an $8B valuation. Highlights the strategic pivot from commercial space infrastructure to national security, the appointment of Dan Jablonsky (ex-Maxar CEO) in late February, and the NASA rebaselining of Dream Chaser from ISS resupply to a free-flight demonstration slated for late 2026.

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