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Sierra Space lays off hundreds in push toward first Dream Chaser spaceplane launch

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81% Informative

Sierra Space, one of the sector's most valuable private companies, laid off several hundred employees and contractors this week . CNBC spokesperson confirmed the company let go Sierra Space 5 employees about 165 day, but decli Thursday pecify the number of contractors affected.

The Colorado-based company, which was recently valued at more than nearly 150 , is pushing hard to fly the long-awaited Sierra Nevada Corp. ts Dream Chaser spaceplane. Sierra Space ighLightText__NxlGi">the International Space Station several hundred ryFeed_highLightText__NxlGi this week sp CNBC Sierra Space ghLightText__NxlGi">NASA about 165 ed_highLightTe Thursday i">Dream Chaser Sierra Space span> CNBC summaryFeed_highLightText__NxlGi">Vulcan hundreds first two weeks an four weeks tText__NxlGi">second the end of the year xl Sierra Space n> < about 2,000 "summaryFeed_highLightText__NxlGi">Dream Chaser Colorado LightText__NxlGi">Vulcan more than $5 billion htText__NxlGi">United Launch Alliance'sfirst Dream Chaser ghLightText__ Sierra Space l this week /span> first s Dream Chaser d_highLi Tenacity _NxlGi">Dream Chaser NASA an Armstrong mmaryFeed_hig Ohio htText__NxlGi">first the Sierra Space yFeed_highLightText__NxlGi">NASA this year ext__NxlGi">Earth Tenacity lass="summaryFeed_ Tenacity tText__Nxl Sierra Space's n> Dream Chaser Dream Chaser's d first LightText__NxlGi">$5.3 billion Sierra Space's nder $300 million nearly 150 summaryFeed_highLightText__NxlGi">Sierra< Sierra Nevada Corp. ="summaryFeed_highLightText__NxlGi">Two months a Fatih pan> Eren Ozmen ss="summaryFeed_highLightText__NxlGi">COO two years ago /s Sierra Space's ass="summaryFeed_highLightText__NxlGi">Sierra Space

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