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Thesis
Sierra Space is bringing the Dream Chaser lifting-body spaceplane to flight and developing LIFE inflatable habitats as building blocks for post-ISS commercial stations. It is a two-pronged bet on reusable cargo return and on commercial LEO infrastructure.
Catalysts
- Dream Chaser Tenacity maiden flight and ISS resupply cadence
- LIFE habitat qualification and station partner selection
- NASA Commercial LEO Destinations program awards
- Path to IPO and capital intensity of habitat development