Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #3

Sierra Space

Recipient: SIERRA SPACE CORP · UEI DPT6YML4HHK5

About $1.93 raised for every $1 obligated. 73% of it came through Other Transactions (OTs).

Capital raised
$2.8B
Federal obligations, FY2020–FY2026
$1.5B
Raised per $1 obligated
1.9×
Latest valuation
$8.0B
Series C, Mar 2026

Obligations by fiscal year

$M
0 FY20 0 FY21 0 FY22 25.2 FY23 482.3 FY24 241.6 FY25 706.2 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$376.2M
Other Transactions
$1.1B
Subawards
$10.5M

Cite this: Defense Tech Signals, "Capital vs. Contracts: Sierra Space," data as of 2026-11-08, https://data.defensetechsignals.com/c/sierra-space/.

Coverage: prime contracts, IDVs and grants (USAspending), direct Other Transactions (FPDS) and subawards received, FY2020–FY2026. Not included: consortium OTs, FY 2027 so far, loans and classified work. Capital raised: Compiled from announcements and press (Oct 2026). Obligations last refreshed 11/5/2026.