ABL Space Systems conducted an integrated stage test of the upper stage of its RS1 small launch vehicle at Edwards Air Force Base, California.

ABL says the funding will accelerate the development of its two-stage launch vehicle and mobile infrastructure.

ABL Space Systems, the California-based developer of the RS1 launch vehicle, revealed that it has closed a strategic investment from Lockheed Martin Ventures.

A small launch vehicle company is increasing its vehicle’s payload capacity and reducing its price as it seeks to find a niche in a crowded market.