Posted: Sun, Mar 28, 2021, 11:48 AM ET (1548 GMT)
Small launch vehicle company ABL Space Systems raised $170 million. The company announced Thursday the Series B round, led by funds and accounts advised by T. Rowe Price Associates. The new round values the company at $1.3 billion. ABL said it will use the capital to scale up production and establish launch sites in the United States and United Kingdom. The company's RS1 rocket is slated to make its first launch as soon as this spring.

Related Links:

•  SpaceNews article
•  CNBC article
•  ABL press release