Draper Associates & ATX Venture Partners Lead Slingshot Aerospace’s Oversubscribed $25 Million Series A-1 Funding Round

AUSTIN, Texas/EL SEGUNDO, Calif., March 10, 2022 (Slingshot Aerospace PR) — Slingshot Aerospace, Inc., a company building world-class space simulation and analytics products to accelerate space sustainability, announced today that it has raised $25 million in Series A-1 funds. The new money is in addition to the $9.6 million Series A funds raised in October 2020, bringing the total raised for the A and A-1 rounds to $34.6 million to date.

The oversubscribed A-1 round was co-led by Draper Associates, the global venture capital firm of prominent Silicon Valley venture capitalist Tim Draper, and ATX Venture Partners. Additional participation in the round included Edison Partners, Embedded Ventures, Valor Equity Partners, Lockheed Martin Ventures, and more. Participation from previous investors also included Revolution’s Rise of the Rest Fund, Okapi Venture Capital and others. Since inception in July 2017, Slingshot Aerospace has raised $42 million in funding. 

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Analytical Space Rebrands to Hedron, Raises $17.8M to Accelerate Rollout of the Network Operating Demonstration

CAMBRIDGE, Mass., October 26th, 2021 (Hedron PR) — Analytical Space (the “Company”) today announced that it has closed a $17.8M Series A equity funding round, enabling the firm to accelerate the development of the initial operating capability of the world’s first hybrid optical/RF data relay network. In addition, the Company is officially rebranding to Hedron, effective immediately. Hedron represents a shortening of the polyhedron shape, a reference to the Company’s network topology and core optical communications technology design.

The round was led by Fine Structure Venture, joined by Lockheed Martin Ventures, Republic Labs, Lime Street, and Explorer 1, and existing investors: The Engine, Flybridge, Yard Ventures, NKM Capital, and Space Angels. These funds enable Hedron to expand its U.S. operations to support the company’s growing pipeline of government and commercial business.

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Delivering Fuel in Geostationary Orbit, Via the Moon

Credit: Orbit Fab

SAN FRANCISCO, September 24, 2021 (Orbit Fab PR) — Already the leading supplier of refueling ports for satellites, Orbit Fab announced that it will soon be launching the first propellant tanker to geostationary orbit. The company’s second tanker will establish flight heritage on all the elements of the company’s tanker technology, which has been designed for the harshest orbital regimes and for refueling the largest space assets. This announcement comes on the heels of the company’s successful launch of the world’s first Gas Stations in SpaceTM propellant depot last June into a low Earth orbit.

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Orbit Fab Secures Investment from Northrop Grumman and Lockheed Martin to Commercialize On-Orbit Refueling

Tanker 1 satellite. (Credit: Orbit Fab)

Two industry leaders, Northrop Grumman and Lockheed Martin, invest in Orbit Fab for their Gas Stations in SpaceTM end-to-end refueling services using the Rapidly Attachable Fluid Transfer Interface (RAFTI).

SAN FRANCISCO (Orbit Fab PR) — Orbit Fab closed over $10 Million in its most recent financing, bringing its total funding to $17 Million. Alongside Northrop Grumman Corporation (NYSE: NOC) and Lockheed Martin Ventures (NYSE: LMT), Asymmetry Ventures led the round. Existing investor SpaceFund is joined by new investors, Marubeni Ventures and Audacious Venture Partners.

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ABL Space Systems Begins RS1 Stage Testing, Reaches $90 Million in Funding

EL SEGUNDO, Calif., Aug. 3, 2020 (ABL Space Systems PR) — ABL Space Systems has begun stage testing of the RS1 small satellite launch vehicle, and has been awarded two US DoD contracts and secured a large round of funding with a combined value of over $90 million. ABL’s awards and funding are key to the rapid development of the RS1 launch vehicle and GS0 deployable launch system, with a demonstration launch slated for Q1 of 2021.

ABL’s DoD contracts, awarded by the Air Force Research Laboratory and AFWERX, with participation from the Air Force Space and Missile Systems Center, total $44.5 million over three years. Additionally, ABL has secured $49 million of financing led by Ethan Batraski at Venrock with participation from New Science Ventures, Lynett Capital, and Lockheed Martin Ventures. The recent round closed on March 31st, and fully funds ABL through a three launch demonstration campaign in 2021.

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Lockheed Martin Ventures Invests in ABL Space Systems

EL SEGUNDO, Calif., (ABL Space Systems PR) — ABL Space Systems Company, the California-based developer of the RS1 launch vehicle, announced today that it has closed a strategic investment from Lockheed Martin Ventures.

Founded in 2017, ABL completed its first development vehicle in 2018. More recently, the company conducted a series of successful tests of the E2 bipropellant rocket engine at Spaceport America in Truth or Consequences, New Mexico. The investment follows ABL’s recent announcement of an improved 1,200 kilogram payload capacity and $12 million price of RS1.

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