Once upon a time, SpaceX was the world's only unicorn space company -- a privately owned space company that would have a valuation well above $1 billion if it could only be convinced to IPO. Not long after, Virgin Orbit (which went bankrupt), Rocket Lab (which didn't), and Firefly Aerospace (which, like SpaceX, hasn't yet IPO'ed) joined this still relatively exclusive club.

Today, investors have yet another space unicorn company to watch, in hopes it will one day IPO: Sierra Space.

Unfortunately, just in time for Christmas...Sierra Space is laying off workers.

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Source Fool.com