Project Kuiper Announces Plans and Launch Provider for Prototype Satellites

RS-1 rocket (Credit: ABL Space)

Amazon’s Project Kuiper will launch two satellites by Q4 2022 on ABL Space Systems’ all-new RS1 rocket.

SEATTLE (Amazon PR) — Amazon continues to make progress on Project Kuiper, a low Earth orbit (LEO) satellite constellation that will provide fast, affordable broadband to unserved and underserved communities around the world. This is a major, long-term initiative, and today we’re excited to share plans to launch and deploy our first satellites.

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ABL Space Systems Raises $200 Million Series B Round

EL SEGUNDO, Calif. (ABL Space Systems PR) — ABL Space Systems has closed a $200 million expansion of its Series B investment round, bringing the company’s valuation to $2.4 billion. The round was led by and comprised of ABL’s existing investor syndicate. ABL has now raised a total of $420 million since founding.

ABL is serving a large manifest of active contracts with fourteen distinct customers across the commercial, defense, intelligence, and science sectors totaling over 75 launches, not including non-binding memoranda or letters of interest.

The funding will be used to scale production of the RS1 launch vehicle and to conduct research and development of future systems.

About ABL Space Systems

Founded in 2017, ABL develops low-cost launch vehicles and launch systems for the small satellite industry. ABL is headquartered in El Segundo, California, U.S. To learn more, visit www.ablspacesystems.com.

Lockheed Martin Expands Quick, Affordable Launch Capability With ABL Block Buy of 58 Flights

RS1 integrated stage test (Credit: ABL Space Systems)

DENVER and EL SEGUNDO, Calif., April 5, 2021 (Lockheed Martin/ABL Space Systems PR) — ABL Space Systems will provide Lockheed Martin [NYSE: LMT] with routine launches of RS1 rockets to accelerate payload technologies into orbit. Lockheed Martin will purchase up to 26 vehicles through 2025 and then up to 32 additional launches through 2029. Launches could use a network of U.S. and international launch sites, including Vandenberg Space Force Base, Cape Canaveral Space Force Station and in the United Kingdom.

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ABL Space Raises $170 Million Growth Equity Round Led by T. Rowe Price Funds

RS1 integrated stage test (Credit: ABL Space Systems)

EL SEGUNDO, Calif., March 25, 2021 (ABL Space Systems PR)– ABL Space Systems has closed a Series B investment round of $170 million at a valuation of $1.3 billion. The round was led by funds and accounts advised by T. Rowe Price Associates, Inc. Participation in the round included existing ABL investors and new investments by Fidelity Management & Research LLC and an unnamed third global investment management firm.

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