# ABL Space Systems Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/abl-space-systems-company

- Industry: Aerospace
- Headquarters: El Segundo, US
- Website: www.ablspacesystems.com
- Total disclosed funding: $219M
- Latest round: Series B (Mar 25, 2021)
- Investors on record: 6

## About

Based in California, US, and founded in 2017, ABL Space Systems Company is a developer of low-cost launch vehicles company. The company was founded by Harry Hanley. Some of its customers include Bethesda, Md.-based Lockheed Martin Corp. and Melbourne, Fla.-based L2 Aerospace. In March 2023, ABL Space Systems Company received USD 60 million in grant funding from new investor United States Space Force and other unspecified investors.

ABL Space Systems Company is a manufacturer of RS1 rockets equipped with architecture, pressurization, and propellant management systems intended for orbital launch. The company also offers a GSO system that operates as a launch infrastructure and allows it to transport the RS1 around the world using conventional shipping containers. 

ABL Space Systems Company generates revenue by selling its manufactured rocket per launch and kilograms.

The company will use the grant funding to ramp up its operational flexibility for low-cost launches supporting Tactically Responsive Space (TacRS).

## Funding rounds

- Series B, Mar 25, 2021, $170M — T Rowe Price, Fidelity Investments
- Series A, Mar 31, 2020, $49M — Venrock, Science Ventures, Lockheed Martin Ventures, Lynett Capital

## Investors

- Venrock (https://capitalatlas.ai/funds/venrock) — Series A
- Science Ventures (https://capitalatlas.ai/funds/science-ventures) — Series A
- Lockheed Martin Ventures (https://capitalatlas.ai/funds/lockheed-martin-ventures) — Series A
- Lynett Capital (https://capitalatlas.ai/funds/lynett-capital) — Series A
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series B
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series B