Lockheed Martin-backed satellite launch vehicle developer ABL Space Systems boosted its total funding to $420m with a $200m extension to its latest round.

ABL Space Systems, a US-based satellite launch vehicle developer backed by aerospace and defence manufacturer Lockheed Martin, expanded its series B round to $370m yesterday. The $200m extension was provided by undisclosed existing investors and valued the company at $2.4bn. The first $170m came from participants including investment and financial services group Fidelity and funds…

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