ABL Space raises $200 million of fresh capital, increases valuation to $2.4 billion
EL SEGUNDO, Calif., Oct. 25, 2021 /PRNewswire/ -- ABL Space Systems has closed a $200 million expansion of its Series B investment round, bringing the company's valuation to $2.4 billion. The round was led by and comprised of ABL's existing investor syndicate. ABL has now raised a total of $420 million since founding.
ABL 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.
The funding will be used to scale production of the RS1 launch vehicle and to conduct research and development of future systems.
About ABL Space Systems
Founded in 2017, ABL develops low-cost launch vehicles and launch systems for the small satellite industry. ABL is headquartered in El Segundo, California, U.S. To learn more, visit www.ablspacesystems.com.
The Alberta Electric System Operator (AESO) Board announced today that Michael Law, President and Chief Executive Officer, will leave the organization, effective August 1, 2024. Law first joined the AESO in 2009 as Vice-President, Operations and was...
Jennifer Mersereau, Senior Partner, Co-Founder & COO, Hamilton ETFs, Patrick Sommerville, Senior Partner, Head of Business Development, Hamilton ETFs, and their team joined Keith Wu, Head, Exchange Traded Products, Toronto Stock Exchange , to open...
New research insights from Info-Tech Tech Research Group will equip food and beverage manufacturers with essential strategies for embracing digital transformation. The global research and advisory firm explains that the industry can significantly...
Canadian General Investments, Limited (CGI) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at June 30, 2024 was $62.50, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 13.3% and...
New research led by the Faculty of Health Sciences at Ontario Tech University and published in Diabetic Medicine, reveals participation in Special Olympics programming is associated with a significantly lower risk of diabetes among adults with...
The July 15 deadline approaches to be eligible for the Canada Carbon Rebate for Small Businesses. This refundable tax credit announced in Budget 2024 returns a portion of federal fuel charge proceeds directly to an estimated 600,000 small and medium...
