Sierra Space CEO Tom Vice Steps Down - CNBC Report

Tom Vice Departs Sierra Space

Recent reports from CNBC indicate that Tom Vice has stepped down from his role as Chief Executive Officer of Sierra Space, a privately held firm specializing in space technologies.

Mr. Vice served as CEO for three and a half years, during which time the company successfully completed a $290 million funding round, achieving a valuation of $5.3 billion in 2023.

Key Achievements During Vice's Leadership

• Secured a significant contract for a military satellite project in early 2024.
• Oversaw substantial venture capital investment.

Sierra Space, originating as a division of Sierra Nevada Corporation, has yet to initiate the inaugural mission of its Dream Chaser reusable spaceplane.

Delays experienced over the summer resulted in the removal of Dream Chaser from the flight schedule for United Launch Alliance’s second Vulcan Centaur launch.

Challenges Faced

Throughout Vice’s leadership, Sierra Space encountered periods of workforce reduction and changes within its executive team.

Last year, Mr. Vice publicly discussed the company’s intention to pursue an initial public offering (IPO) in late 2025. The continuation of these plans under new management remains uncertain.

Transition of Leadership

Fatih Ozmen, the current chairman of Sierra Space, will assume the responsibilities of interim CEO during the search for a permanent replacement.

This transition follows a period of both progress and challenges for the space technology company.