ABL Space, an El Segundo CA-based space tech company, raised $200M in Expansion Series B funding, valued at $2.4 billion.
The backers were existing investors.
The company intends to use the funds to scale production of the RS1 launch vehicle and to conduct research and development of future systems.
Founded in 2017, ABL develops low-cost launch vehicles and launch systems for the small satellite industry. The company is serving a large manifest of active contracts with fourteen distinct customers across the commercial, defense, intelligence, and science sectors totaling over 75 launches, not including non-binding memoranda or letters of interest.
FinSMEs
26/10/2021