From its Dream Chaser spaceplane to the Orbital Reef space station, Sierra Space is preparing for a world where space travel is far more ubiquitous. But when will more investors be able to cash in on Sierra Space's ventures?

When it comes to a potential public offering, Sierra Space CEO Tom Vice tells Yahoo Finance's Akiko Fujita the company has "a lot of optionality around access to additional capital as we think about growing the company over the next decade." Vice says Sierra Space is "well capitalized," but that the company will be looking at the public markets over the next 12 to 18 months and will "make a decision on what the right timing for us is."

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Editor's note: This article was written by Stephanie Mikulich.

Video Transcript

AKIKO FUJITA: Tom, Sierra SpaceX is a privately held company right now. You've been very vocal about your ambitions to go public eventually. I heard you recently say you'll do this when the market looks like it'll give Sierra Space the right credit for valuation.

What is that? What does that look like? And could we potentially see an IPO this year?

TOM VICE: Yeah. You know, again, we spun out from a great company. One of the world's greatest private defense companies, Sierra Nevada Corporation, three years ago. We spent the last three years de-risking our technology stack, de-risking our capital structure, de-risking our business plan.

We have a significant wide diverse portfolio of products and revenue streams. And so we think about as the private markets now looking at the public markets. We'll time that right.

But it provides us a lot of optionality around access to additional capital as we think about growing the company over the next decade. And so the timing of that is we'll look at the public markets. We're valued as a private company at 5.3 billion.

We've raised $1.7 billion in capital through our series A and B. We're well-capitalized. But now we look at the public markets over the next 12 to 18 months. And we'll make a decision on what the right timing for us is.