“ABL Space Systems Aims for $100M in Fresh Funding as Regulatory Documentation is Unveiled”
ABL Space Systems is looking to raise up to $100 million in new funding, and has just closed over $40 million, according to a new filing with the U.S. Securities and Exchange Commission.
It’s the first indication that ABL has raised venture funding since October 2021, when the launch company closed $200 million at a $2.4 billion valuation.
Together, they’re meant to provide a mobile, all-in-one launch system.
However, the overall launch site layer represents a weak link.”Unsurprisingly, they argue that GS0 is the solution to this vulnerability, offering both a launch mount and a site system in a “proliferated” architecture.
“It was not in our plans to have RS1 grounded for most of 2023,” O’Hanley wrote after the launch.
