Smallsat rocket startup ABL raises $200 million in anticipation of 1st launch
Capitalism in space: With its first test launch of its rocket scheduled for mid-December, the smallsat rocket startup ABL has raised $200 million in investment capital, in addition to the $170 million it had raised in March.
Dan Piemont, president and co-founder of ABL, told SpaceNews that the company still has most of the $170 million it raised in March, describing the new round as “somewhat opportunistic and driven by insider interest.” Much of the additional funding, though, will go to scale up production of its RS1 vehicle that is nearing its first launch. “We have received large orders for RS1 and will need to scale faster than we previously planned to meet the demand,” he said, with more than 75 launches under contract. “Our investors have seen the incredible demand for RS1 and want to make sure we have all the resources we need to serve it. We updated our operating plan accordingly, and you’ll see that in the form of more launch sites, more facilities, more machines and larger production crews next year.”
ABL is one of seven rocket companies — the others are Virgin Orbit, Astra, Firefly, Relativity, Aevum, and Blue Origin — that had planned a first test launch in ’21. Of those, Virgin Orbit has had two successful orbital launches, while Astra and Firefly have attempted orbital launches but failed. Blue Origin’s first launch of its New Glenn rocket has been delayed to next year, but it is questionable it will occur then. The launch dates for Relativity and Aevum remain unannounced.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Capitalism in space: With its first test launch of its rocket scheduled for mid-December, the smallsat rocket startup ABL has raised $200 million in investment capital, in addition to the $170 million it had raised in March.
Dan Piemont, president and co-founder of ABL, told SpaceNews that the company still has most of the $170 million it raised in March, describing the new round as “somewhat opportunistic and driven by insider interest.” Much of the additional funding, though, will go to scale up production of its RS1 vehicle that is nearing its first launch. “We have received large orders for RS1 and will need to scale faster than we previously planned to meet the demand,” he said, with more than 75 launches under contract. “Our investors have seen the incredible demand for RS1 and want to make sure we have all the resources we need to serve it. We updated our operating plan accordingly, and you’ll see that in the form of more launch sites, more facilities, more machines and larger production crews next year.”
ABL is one of seven rocket companies — the others are Virgin Orbit, Astra, Firefly, Relativity, Aevum, and Blue Origin — that had planned a first test launch in ’21. Of those, Virgin Orbit has had two successful orbital launches, while Astra and Firefly have attempted orbital launches but failed. Blue Origin’s first launch of its New Glenn rocket has been delayed to next year, but it is questionable it will occur then. The launch dates for Relativity and Aevum remain unannounced.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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