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Closing Bell

Manifest Space: Sierra Space Unveils Satellite Bus Line, Discusses Potential IPO Plans with CEO Tom Vice 4/5/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 5 April 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

Sierra Space, a private space tech company valued at $5.3 billion has been thirty years in the making. Now, it’s unveiling a line of buses—the main bodies of satellites—to sell to others. CEO Tom Vice joins Morgan Brennan to discuss the product launch, its Dream Chaser spaceplane’s maiden voyage, and plans to go public.

Transcript

Click on a timestamp to play from that location

0:00.0

Sierra Space is ready for its debut. Almost. Spun out a defense contractor

0:06.6

Sierra Nevada Corporation three years ago, Sierra Space touts a 30-year

0:10.3

spacecraft's legacy and is the result of a big bet on commercial space by the billionaire Osman Field. a space first flight later this year, but it's also working on a commercial space station with Jeff

0:33.7

Bazel's Blue Origin called Orbital Reef, and in January won a high-profile defense department

0:38.9

contract to develop a constellation of missile tracking satellites.

0:43.0

Now, Sierra Space is pushing more deeply into spacecraft subsystems,

0:48.0

unveiling a line of buses, which are the main bodies of satellites,

0:51.0

to sell to others.

0:54.0

Today we're announcing the, we're introducing a new bus line called Eclipse.

0:59.0

Kind of perfect timing.

1:01.0

And, but we're...

1:02.0

Was it coincidental the name? No, we've actually been waiting for six months.

1:05.1

So it's like this was really thought about and I think the name is very

1:12.3

appropriate because I think it will change everything in terms of the affordability of building the next generation buses for next station satellites.

1:28.7

Serra Space is CEO. taxation satellite. CERAS CEO, Tom Weiss, who's been at the helm since it became an independent subsidiary, says the focus has been on de-risking the business, getting DreamChaser Flying, and preparing for a possible IPO.

1:36.0

Sarah Space's sales are expected to double in 2024.

1:39.0

Its backlog currently tops $4 billion, and it is finalizing a Series B round of funding.

1:45.0

We really think a lot about how to bring all this together in a way that builds the first integrated

1:52.0

you know a platform that creates the ability for us to think about not just

1:56.6

what we can put in space but now for the first time what we can do in space.

2:00.9

On this episode, Vice breaks down the portfolio and why he believes Sierra Space will

2:06.2

help usher in quote the most profound industrial revolution in human history.

...

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