Sierra Space CEO Tom Weiss is stepping down, CNBC reported

Tom Weiss, CEO of Private Space Technologies Space SierraHe left the company, according to A CNBC report.

Naib held the position for three and a half years, overseeing the venture capital-backed company $290 million fundraising With a valuation of $5.3 billion in 2023 and securing A Military satellite contract In early 2024.

Despite some early successes, Sierra Space, a spin-off of aerospace contractor Sierra Nevada, has yet to launch the first mission of its reusable cargo space plane, called the Dream Chaser. Over the summer, delays caused Dream Chaser To be booted From United Launch Alliance’s Vulcan Centaur II flight manifest.

During his term as Vice President, Sierra Space saw… Layoffs and Executive turnover. Last year’s MP raised Sierra Space’s plans to do just that Go public in late 2025, although it is unclear whether these plans will continue under new leadership.

Company President Faith Ozmen will serve as interim CEO.