{"id":57813,"date":"2021-03-26T19:07:56","date_gmt":"2021-03-26T11:07:56","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/smallsat-launcher-abl-space-systems-closes-170m-funding-round\/"},"modified":"2021-03-26T19:07:56","modified_gmt":"2021-03-26T11:07:56","slug":"smallsat-launcher-abl-space-systems-closes-170m-funding-round","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/smallsat-launcher-abl-space-systems-closes-170m-funding-round\/","title":{"rendered":"Smallsat Launcher ABL Space Systems Closes $170M Funding Round"},"content":{"rendered":"<\/p>\n<p>Smallsat launcher <strong>ABL Space Systems<\/strong> has closed its Series B funding round of $170 million led by funds and accounts advised by <b>T. Rowe Price Associates, Inc. <\/b>Existing ABL investors participated in the round, and <strong>Fidelity Management &amp; Research LLC<\/strong> and an unnamed global investment management firm joined as new investors as well.&nbsp;<\/p>\n<p>ABL, which is based in El Segundo, California, said in the March 25 announcement that the funding round was conducted at a valuation of $1.3 billion.<\/p>\n<p>The company is preparing for the first launch of its 1,000-kilogram class RS1 launch vehicle later this year. ABL was recently selected by <strong>Lockheed Martin<\/strong>, a strategic investor, to launch from Scotland in 2022 as part of the UK Pathfinder Launch program. ABL reports it has contracts with ten customers including five commercial, four from the <b>U.S. Department of Defense<\/b>, and one national space agency.<\/p>\n<p>\u201cWe think the global space economy has significant long-term growth potential. We think ABL has a management team, technology set and product strategy that should enable long-term competitive advantages,\u201d &nbsp;said Jason Adams, portfolio manager of T. Rowe Price\u2019s Global Industrials Fund. <\/p>\n<p>ABL\u2019s last funding round of $90 million closed in August 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Smallsat launcher ABL Space Systems has closed its Series B funding round of $170 million led by funds and accounts advised by T. Rowe Price Associates, Inc. Existing ABL investors participated in the round, and Fidelity Management &amp; Research LLC and an unnamed global investment management firm joined as new investors as well.&nbsp; ABL, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56396,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-57813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/57813"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=57813"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/57813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/56396"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=57813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=57813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=57813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}