Small launch vehicle developer ABL Space Systems has raised an additional $200 million, just seven months after a $170 million round.
ABL announced Oct. 25 it raised the additional funding as an extension of the $170 million Series B round it closed in March. The existing group of investors contributed to the updated Series B.
The original Series B round was led by funds and accounts advised by T. Rowe Price Associates, with participation by earlier investors, Fidelity Management & Research LLC and another “global investment management firm” the company did not name at the time. The original Series B valued the company at $1.3 billion, while the expanded round nearly doubles that to $2.4 billion.
