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Sierra Space raised $550 million in Series C funding, shifting focus to national security and bringing its valuation to around $8 billion. This funding will support new product development and increased production capacity.

Sierra Space's federal projects include a $450 million contract for four satellites and a potential $740 million contract for 18 satellites for the Space Development Agency. Vast has secured $500 million to develop commercial space stations, including Haven-1, projected to launch in 2027.

Its recent funding consists of $300 million in Series A equity and $200 million in debt, totaling over $1 billion raised. Both companies are targeting national defense opportunities.