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The new Series B funding round values ABL Space Systems at $1,300,000,000.
ABL Space Systems had raised about $50,000,000 prior to the Series B round.
ABL Space Systems is developing the RS1 small launch vehicle capable of placing up to 1,350 kg into low Earth orbit.
ABL Space Systems planned to establish a test site at Spaceport Camden but conducted its testing elsewhere while preparing for a first launch from California.
Lockheed Martin selected ABL Space Systems to perform a launch from the United Kingdom in 2022.
ABL Space Systems received a strategic investment from Lockheed Martin Ventures in 2019.
ABL Space Systems’ RS1 rocket is part of a flexible, integrated geostationary orbit (GSO) launch system designed for rapid and cost-effective deployment with high launch performance.
Lockheed Martin contracted ABL Space Systems of El Segundo, California to supply a rocket and associated launch services for its UK Pathfinder Launch.
Lockheed Martin selected ABL Space Systems for the UK Pathfinder launch to use ABL’s integrated GS0 launch system and RS1 rocket for rapid site stand-up with limited on-site infrastructure.
ABL Space Systems secured $44,500,000 in U.S. Air Force contracts for launch demonstrations and $49,000,000 in private financing.
ABL Space Systems is designed to use mobile infrastructure and to operate from austere, unimproved sites.
ABL Space Systems expects to ship the first flight version of the RS1 first stage from its El Segundo, California headquarters to Vandenberg Air Force Base by the end of the year for a launch attempt in the first quarter of 2021.
The Air Force Research Laboratory signed an agreement with ABL that allows the company to test hardware at Edwards Air Force Base in California.
On 2020-08-03, ABL Space Systems received two U.S. Air Force contracts worth $44,500,000.
ABL plans to offer commercial launch services from Vandenberg Air Force Base in California and Cape Canaveral Air Force Station in Florida.
ABL’s mobile launch infrastructure is designed to be transported by truck to allow sharing of SLC-8 at Vandenberg and LC-46 at Cape Canaveral without building major infrastructure.
ABL has expanded its El Segundo facility to support full-scale production of the RS1 vehicle.
ABL plans the RS1’s maiden launch in the first quarter of 2021.
ABL is planning the first orbital launch of its RS1 vehicle in 2021.
On 2020-01-09 the Air Force Research Laboratory said it had signed a CRADA last July with ABL Space Systems covering development and testing of rocket propulsion systems.