Sierra Space CEO Tom Vice has left the company, CNBC confirmed Monday.<\/p>\n
In a statement,\u00a0Sierra Space\u00a0said Vice retired Dec. 31. Chairman Fatih Ozmen will serve as interim CEO, with Eren Ozmen as president.<\/p>\n
\u201cAfter three and half years in the role, Tom Vice has retired as\u00a0Sierra Space\u00a0CEO as of the end of 2024 \u2014 we thank him for his leadership and wish him well in his retirement,\u201d a\u00a0Sierra Space\u00a0spokesperson said in a statement.<\/p>\n
Spun out of aerospace contractor Sierra Nevada Corporation, or SNC, in 2021, Sierra is one of the most valuable private U.S. companies in the burgeoning space sector, most recently\u00a0valued at more than $5 billion. But\u00a0Sierra Space\u00a0has struggled to launch the first mission of its reusable cargo space plane called Dream Chaser, which is key to the company establishing itself as a major player in the industry.<\/p>\n
Vice was named CEO of Sierra Space in 2021, a few months after SNC owners Fatih and Eren Ozmen spun out the company \u2014 with investors including General Atlantic, Coatue, BlackRock and AE Industrial Partners. Vice was previously the\u00a0CEO of Aerion Supersonic, a startup that planned to build high-speed business jets and that shut down in April 2021.<\/p>\n
The first Dream Chaser vehicle was supposed to debut by 2021. But even in 2024, the space plane, named Tenacity, was not ready when\u00a0United Launch Alliance\u2019s Vulcan rocket, its ride to space,\u00a0needed to launch.<\/p>\n
Dream Chaser has won NASA contracts to fly seven cargo missions to and from the International Space Station. Sierra Space said Tenacity is targeting a launch no earlier than May.<\/p>\n
The company has continued to develop its\u00a0inflatable space station technology, as well as expand into a product\u00a0line of\u00a0satellite buses\u00a0after winning a high-profile\u00a0$740 million Pentagon contract\u00a0last year.<\/p>\n
Sierra Space saw layoffs\u00a0during Vice\u2019s tenure, as well as turnover in a number of senior executive roles. But in 2024, Vice spoke repeatedly of\u00a0Sierra Space\u2019s plan to go public, outlining a tentative path to IPO as soon as late 2025.<\/p>\n<\/p>\n
Sierra Space CEO Tom Vice has left the company, CNBC confirmed Monday. In a statement,\u00a0Sierra Space\u00a0said Vice retired Dec. 31. Chairman Fatih Ozmen will serve as interim CEO, with Eren Ozmen as president. \u201cAfter three and half years in the role, Tom Vice has retired as\u00a0Sierra Space\u00a0CEO as of the end of 2024 \u2014 we […]<\/p>\n","protected":false},"author":0,"featured_media":13700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/13699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=13699"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/13699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/13700"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=13699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=13699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=13699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}