abl space systems

abl space systems

Meet the 10 Startups in Techstars' 2021 Space Accelerator Class

The past year has seen a rapid increase in space exploration, both by professional astronauts and those with enough money to afford a jaunt to the stars.

2021 may be remembered as the year wealthy travelers went to space in droves. The Who’s Who list includes Amazon exec Jeff Bezos, Virgin Galactic founder Richard Branson and millionaires Michael Strahan and William Schatner. But that likely won’t be the end of space tourism.

Viewing the “pale blue dot” of our planet (as Carl Sagan once described it) is a life-changing experience few typically get to have, and it can often change a person’s perspective of their home forever.

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Rocket launcher ABL Space Systems has achieved unicorn status, announcing a close of a $170 million Series B round, bringing the company's total valuation to $1.3 billion.

The funds come four years after ABL's founding and before its first planned launch into space in the second quarter of this year.

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ABL Space Systems

ABL Space Systems, a startup building low-cost launch vehicles for small satellites, announced that it raised over $90 million and plans to launch its first orbital mission by the first quarter of next year.

The El Segundo-based company secured $44.5 million in Air Force contracts and another $49 million in private funds led by Ethan Batraski at Venrock with participation from New Science Ventures, Lynett Capital, and Lockheed Martin Ventures.

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