A 7-year-old launch company that has yet to have a rocket successfully lift off announced a radical pivot on Thursday. Its new plan? Focusing on missi

As ABL Space departs launch, the 1-ton rocket wars have a clear winner

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2024-11-15 17:00:04

A 7-year-old launch company that has yet to have a rocket successfully lift off announced a radical pivot on Thursday. Its new plan? Focusing on missile defense.

The founder and president of ABL Space Systems, Dan Piemont, announced the decision on LinkedIn, adding, "We're consolidating our operational footprint and parting ways with some talented members of our team." He said companies interested in hiring great people in Los Angeles or Mojave, California, should reach out.

With a background in economics and physics, Piemont founded ABL in 2017 with the aim of developing a ship-and-shoot rocket. The idea was to set up mobile ground systems in remote locations on short notice and launch on demand for the US military and other customers.

Piemont proved successful at raising money, bringing hundreds of millions of dollars into the company, including from Lockheed Martin. At one point the private company was valued at $2.4 billion, and in 2021 Lockheed purchased a block buy of up to 58 launches of the RS1 vehicle. This rocket was intended to carry up to 1.35 metric tons to low-Earth orbit.

ABL made its first RS1 launch attempt in December 2023 from Kodiak, Alaska, but a catastrophic fire shortly after liftoff quickly doomed the rocket. A second attempt was precluded in July of this year after an explosion during a static-fire test in Alaska. The company laid off some of its staff in August to control costs.