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  <p>
  </p>
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      <p>
        ABL Space Systems, a launch services provider, has secured over USD 40 million in fresh funding in its bid to raise up to USD 100 million, as disclosed in a recent US Securities and Exchange Commission filing.
      </p>
    </li>
    <li>
      <p>
        ABL has not explicitly stated its goals for the fresh funding. However, significant enhancements to the rocket and ground system have been made since its 
        <a href="https://sp-edge.com/updates/15602">
          launch failure
        </a>
         a year ago, suggesting funds may go toward ongoing R&amp;D and operational improvements as the company gears up for its 
        <a href="https://sp-edge.com/updates/23081">
          second launch
        </a>
        .
      </p>
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  <p>
    <a href="https://techcrunch.com/2024/01/08/regulatory-filing-reveals-abl-space-systems-targeting-100m-in-new-funding/">
      TechCrunch
    </a>
  </p>
  <p>
  </p>
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Space Travel and Exploration Tech

<div>
 <p>ABL Space Systems, a launch service provider, has obtained over USD 40 million in new funding, with an aim to gather up to USD 100 million. This was disclosed in a recent filing with the US Securities and Exchange Commission. A year ago, ABL saw a major <a href="https://sp-edge.com/updates/15602"> launch failure </a>, but significant enhancements to the rocket and ground system suggest that the new funding may be used for ongoing R&D and operational improvements targeting their <a href="https://sp-edge.com/updates/23081"> second launch </a>.</p>
</div>

ABL Space Systems raises USD 40 million in new funding

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California-based ABL Space Systems is getting ready for the second launch of its RS1 rocket, following a failed first launch in January. The company recently completed a rehearsal of launch preparations, including the rocket and ground support equipment. Upgrades have been made to the RS1 rocket, such as increased thrust, more propellant, and design changes to improve production. The GS0 system has also been redesigned to prevent the same issues that caused the failure of the first launch.

ABL Space Systems prepares for second RS1 launch

ABL Space Systems has been awarded a $15 million task order by the US Space Force to demonstrate its ability to launch payloads on short notice. ABL has developed the RS1 small launch vehicle, which can place up to 1,350 kg into low-Earth orbit. The company's mobile infrastructure allows launches from sites with minimal infrastructure. The Space Force aims to enhance its tactically responsive space capabilities, and ABL's ability to launch quickly aligns with this objective.

All Updates

ABL Space Systems raises USD 40 million in new funding

ABL Space Systems prepares for second RS1 launch

ABL gets contract for US Space Force ‘responsive launch’ mission

ABL Space Systems’ RS1 rocket suffers failure on maiden launch