Lockheed Martin Ventures was among the participants in a round the satellite launch system developer said closed in March.
ABL Space Systems, a US-based developer of launch vehicles for space, has secured $49m from investors including Lockheed Martin Ventures, aerospace manufacturer Lockheed Martin’s corporate venturing unit, it revealed on Monday.
Venture capital firm Venrock led the round, which also featured New Science Ventures and Lynett Capital. It closed in March this year and was announced alongside $44.5m of US government contracts over the next three years.
Founded in 2017, ABL is developing a launch vehicle for small satellites together…
