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 and accounts advised by T Rowe Price in March this year at a $1.3bn valuation.
Founded in 2017, ABL is developing launch vehicles designed…
