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ABL closes $170 million round, valued at $1.3 billion

Luxembourg, 29 March 2021. – Another space unicorn: The Californian small sat launcher ABL Space Systems has closed a Series B investment round of $170 million at a valuation of $1.3 billion, the company said.

The round was led by funds and accounts advised by the investment firm T. Rowe Price Associates and included existing ABL investors and new investments by Fidelity Management & Research and an unnamed third global investment management firm, ABL said.

The new capital follows a year of significant growth for ABL, the company said. ABL develops the 1,000-kilogram RS1 launch vehicle and the GS0 deployable launch system.

ABL has now secured and executed on contracts with ten distinct customers, it says: five commercial customers, four U.S. department of defense customers, and one national space agency. ABL plans the first launch of RS1 for later this year.

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This Space Café WebTalk will feature Remco Timmermans, Social Media Specialist for Space, in conversation with Torsten Kriening, publisher of SpaceWatch.Global. Live from the International Astronautical Congress 2021 in Dubai. Remco is an experienced space business professional, with 15+ years of experience in business analysis, process improvement, corporate