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ABL Space Systems has raised $170 million in a round of Series B financing led by accounts and funds advised by global investment management firm T. Rowe Price Associates. Existing investors, Fidelity Management and Research and an unnamed global investment management firm participated in the new funding round that values ABL at $1.3 billion.
MoreABL Space Systems has partnered with Air Force Research Laboratory to develop rocket propulsion components for launch vehicles.
MoreSierra Space has built and tested a full-scale version of an inflatable structure at NASA's Marshall Space Flight Center as part of its efforts to develop commercial space stations. The company said Monday the ultimate burst pressure test was focused on the Large Integrated Flexible Environment habitat's restraint layer developed in partnership with ILC Dover.
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MoreLockheed Martin's space business conducted a demonstration of its wideband electronically steerable antenna payload that is capable of performing missions on orbit faster than traditional sensors. The Tantrum payload demonstrator is expected to be onboard Firefly Aerospace's Alpha launch vehicle when it lifts off in December, Lockheed announced Monday.
MoreFrontier Technology Inc. will establish its Operational Research Bridge for Innovation and Technology Center in Colorado Springs, Colorado, to facilitate secure collaboration and knowledge transfer in the space operations domain. FTI will invest $15 million in the construction of the new 46,000-square-foot secure facility and create 200 job opportunities in advanced visualization, artificial intelligence, cybersecurity, data science and software engineering, the Colorado Springs Chamber & Economic Development Corporation announced Tuesday.
MoreVoyager Space and Northrop Grumman have unveiled plans to collaborate to enhance the capabilities of the Starlab space station and Cygnus spacecraft. The teaming agreement involves developing a fully autonomous rendezvous docking system to upgrade Cygnus and use it in Starlab missions.
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