ABL Space raises $170MM growth equity round led by T. Rowe Price funds

26 Mar, 2021

ABL Space raises $170MM growth equity round led by T. Rowe Price funds
Photo by Robert Katzki on Unsplash

– ABL Space Systems has closed a Series B investment round of $170m.
– The round was led by funds and accounts advised by T. Rowe Price Associates, Inc.
– Participation in the round included existing ABL investors and new investments by Fidelity Management & Research LLC and an unnamed third global investment management firm.
– ABL is the emerging space launch company based in El Segundo, California developing the 1,000-kilogram class RS1 launch vehicle and GS0 deployable launch system.
– A first launch of RS1 is planned later in 2021, after less than four years of rapid development.
– With GS0, RS1 can be transported in shipping containers and launched from any suitable location in the world.

Information Technology Internet North America Satellite Communication
Crunchbase icon

Content report

The following text will be sent to our editors: