Tuesday, October 26, 2021

ABL Space Systems Scores $200M, Now Worth $2.4 Billion

El Segundo-based space launch systems developer ABL Space Systems has raised $200M in a Series B expansion round, bringing the company's valuation to $2.4 billion, the company said on Monday. According to ABL Space Systems, the funding came from its existing investors. The company says it has now raised a total of $420M. ABL Space Systems said it will use the new funding to scale production of its launch vehicle, as well as for research and development of future systems.