Skadden, Arps, Slate, Meagher & Flom advised ABL Space Systems on the deal.
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.
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. 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 Skadden team included Corporate partners Andy Garelick (Picture) and Jeffrey Cohen; Labor and Employment Law partner Karen Corman; and Intellectual Property and Technology partner Ken Kumayama (Palo Alto).
Involved fees earner: Jeffrey Cohen – Skadden Arps Slate Meager & Flom; Karen Corman – Skadden Arps Slate Meager & Flom; Andrew Garelick – Skadden Arps Slate Meager & Flom; Ken Kumayama – Skadden Arps Slate Meager & Flom;
Law Firms: Skadden Arps Slate Meager & Flom;
Clients: ABL Space Systems;