ABL Space Systems was founded in 2017 by Daniel Piemont and Harry O'Hanley. The company has not publicly endorsed plans to participate in an IPO.
ABL Space Systems is an aerospace company developing low-cost rockets for launching small satellites. The company has raised more than $400 million in venture capital funding from investors including T. Rowe Price Associates, Fidelity Management, Lockheed Martin Ventures, Venrock, Lynett Capital, and New Science Ventures. The company announced a valuation of $2.4 billion after a Series B funding round raised $200 million in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
12/14/2023 | Series C-1 | $40.47MM | $xx.xx | $1.3B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,237,498
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
10/25/2021 | Series B-2 | $201.97MM | $xx.xx | $2.39B | T. Rowe Price, Fidelity | |
Price per Share
$xx.xx
Shares Outstanding
2,970,318
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
T. Rowe Price, Fidelity
|
||||||
03/25/2021 | Series B-1 | $20.11MM | $xx.xx | $1.39B | T. Rowe Price, Fidelity | |
Price per Share
$xx.xx
Shares Outstanding
1,656,291
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
T. Rowe Price, Fidelity
|
||||||
03/25/2021 | Series B | $150MM | $xx.xx | $1.39B | T. Rowe Price, Fidelity | |
Price per Share
$xx.xx
Shares Outstanding
3,330,678
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
T. Rowe Price, Fidelity
|
||||||
03/23/2020 | Series A-6 | $5.09MM | $xx.xx | $138.61MM | Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,291,991
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures
|
||||||
03/23/2020 | Series A-5 | $12.59MM | $xx.xx | $138.61MM | Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,576,867
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures
|
||||||
03/23/2020 | Series A-4 | $1.94MM | $xx.xx | $138.61MM | Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures | |
Price per Share
$xx.xx
Shares Outstanding
578,824
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures
|
||||||
03/23/2020 | Series A-3 | $2.74MM | $xx.xx | $138.61MM | Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,090,015
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures
|
||||||
03/23/2020 | Series A-2 | $199,998 | $xx.xx | $138.61MM | Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures | |
Price per Share
$xx.xx
Shares Outstanding
95,478
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures
|
||||||
03/23/2020 | Series A-1 | $1.68MM | $xx.xx | $138.61MM | Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,002,494
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures
|
||||||
03/23/2020 | Series A | $25MM | $xx.xx | $138.61MM | Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,447,821
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bells Ventures, Venrock, Lynett Capital, Lockheed Martin Ventures, New Science Ventures
|