The Lockheed Martin-backed satellite launch system developer has now raised at least $219m of funding ahead of its first official launch.
ABL Space Systems, a US-based satellite launch vehicle developer backed by aerospace and defence manufacturer Lockheed Martin, has received $170m in a series B round valuing it at $1.3bn.
The round was led by funds and accounts advised by investment management firm T Rowe Price Associates and also featured investment and financial services group Fidelity in addition to an unspecified investment manager and undisclosed existing investors.
Founded in 2017, ABL is developing low-cost launch vehicles designed to transport small satellites…
