In December 2008, SpaceDev Inc was acquired by Sierra Nevada Corporation and continues to operate as part of the "Space Systems Business" of Sierra Nevada Corporation. SpaceDev Inc. hopes to establish itself as a commercial space exploration and development company operating in small space. The three primary lines of business are: micro spacecraft and missions, small hybrid propulsion space systems and the future development of new commercial revenue generating businesses developed around the Company's new space technologies. Acquisition of SpaceDev, Inc. provided Sierra the inventory of products that had flown on more than 300 spacecraft over 20 years, and represented a dynamic expansion of space technology capabilities, proven system integration, communications, networking and intelligence capabilities in the space sector. Since its inception, SpaceDev has sought to be the first company to successfully define, implement and execute profitable commercial, low-cost deep-space missions, i.e., robotic missions to the Moon and beyond, and to create new products to reduce the cost of access to space
