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After raising nearly half a billion dollars, ABL Space pivots from launch vehicles to missiles
Significant changes are coming to ABL Space Systems. The leader of the 7-year-old startup took to social media last night to make a big announcement: The
During the first flight test in January 2023, the rocket’s nine engines spontaneously shut down shortly after liftoff, leading to it falling back to Earth, hitting the launchpad and being destroyed on impact. However, ABL founder and president Dan Piemont said in an announcement posted to X and LinkedIn that these failures “[advanced] our technology readiness.” Instead, he said that the reason the company decided to pivot was because of changes to the launch market. Concurrently, Piemont says the company realized that the U.S. is poorly equipped to respond to missile threats: “We recognized that ABL’s technology could help to solve these problems by offering new capabilities with more test ranges, more frequent flights, and more creative R&D.
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