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Regulatory filing reveals ABL Space Systems targeting $100M in new funding
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.
In a blog post, CEO Harry O’Hanley sketched a pretty bright future for the integrated architecture: “Imagine this: a convoy of container trucks arrive at a parking lot,” he wrote. ABL has been laying relatively low since its first launch attempt a year ago, which resulted in the rocket crashing back to Earth around 10 seconds after liftoff. In October, around 10 months after that mission, CEO Harry O’Hanley said that the company had made major upgrades to both the rocket and the ground system in advance of its next attempt.
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