Investment in newspace for ABL Space Systems, recently renamed Hedron, and ispace of Japan

by | Oct 27, 2021 | commercial launch services, Finance, Seradata News

Prospective American launch provider ABL Space Systems announced the closure of an extension to its  previously successful Series B funding round (which closed in March) on 25 October. The original Series B funding round raised US$170 million for the company. This newly announced extension adds US$200 million to that total. Reportedly, Series B investors returned to contribute to this “opportunistic and insider driven” additional funding. A result of these additional funds is an increase in company value from US$1.3 billion to US$2.4 billion.

ABL reportedly remains on course to conduct the first orbital attempt of its RS-1 launcher vehicle by the end of the year. These new funds are set to be used by the company to fuel its “medium-term roadmap”. Despite not yet having conducted a launch the company reports 75 launches on its backlog – 58 of these may be from a multi-launch booking made by Lockheed Martin for missions over the course of this decade.

 

Hedron (formerly known as Analytical Space)

Logo of the former incarnation of newly named Hedron.

Another American company has secured further funding. Hedron (which has announced a name change from Analytical Space along with its new funding) has secured US$17.8 million in Series A financing. The newspace company from Boston, Massachusetts, is planning a hybrid optical/RF data relay network in low Earth orbit. With this new money the company intends to launch the first plane of its eventual constellation in late-2022.

 

ispace

ispace, a Japanese firm developing a Lunar lander, has reportedly received investment from Airbus Ventures, the investment arm of multinational aerospace and defence company Airbus. The first ispace lander is booked to fly to the Moon on a SpaceX Falcon 9 mission in the second half of 2022.

About Seradata

Seradata produces the renowned Seradata database. Trusted by over 100 of the world’s leading Space organisations, Seradata is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to https://www.seradata.com/product/

Related Articles

Categories

Archives

Tags

nasaspacexecoreviewsissesaArianespacevideochinaFalcon 9v1.2FT Block 525virgin galacticULAfalcon 9evaRoscosmosspacewalkDGAaviation weekBlue OriginInternational Space StationaresIGTsoyuzRocket LabBeidouawardsStarlinkspaceAirbus DSboeingSatellite broadcastingrussiamoonOneWebISROCargo Return VehiclemarsblogresearchspaceshiptwoorionjaxamarsimpactdelayhyperbolaEutelsatdemocratrocketlunarhypertextobamagoogle lunar prizelaunchVegathales alenia spaceSESconstellationtourismbarack obamafiguresnorthspaceflightIntelsatnode 2fundedRaymond Lygo2009Lockheed MartinExpress MD-2Elon MuskAtlas Vromess2dassault aviationsstlaviationLucy2008wk2ukradiosuborbitaltestmissiledocking portexplorationAriane 5 ECAVirgin OrbitinternetSLSLong March 2D/2ElectronNorthrop GrummanChina Manned Space Engineeringsts-122Ariane 5missile defensenewspapercotsgalileospace tourismflight2010Long March 4CspaceportExpress AMU 1buildspace stationaltairsoyuz 2-1aProton Minternational astronautical congressshuttlespace shuttleAriane 6scaled compositesIntelsat 23European Space AgencyLauncherOneCosmoshanleybudgetrulesnew yorkatvVietnamshenzhoucongressMojaveboldennew shepardLong March 2CInmarsatOrbital ATKcnesiaclunar landerGuiana Space CenterApollolawsUS Air ForceSpace Systems/LoralUK Space AgencyLong March 4BKuaizhou 1AkscILSprotondarpaTalulah RileyElectron KSFalcon 9v1.2 Block 5Vega CNorth KoreaeuSkylonAstriumpicturebaseusaastronautdragonlanderfiveeventTelesatSSLAprilSNC50thinterviewLong MarchSea LaunchfalconWednesdaycustomerlinkatlantissuccessor

Stay Informed with Seradata

Stay informed on the latest news, insights, and more from Seradata by signing up for our newsletter.