Illustration depicting SpinLaunch orbital vehicle inside the electric kinetic launcher (Credit: SpinLaunch)
LONG BEACH, Calif. (SpinLaunch PR)–Jonathan Yaney, Founder and CEO of SpinLaunch, Inc.,has announced that the company has received an additional investment of $35 million for continued development of the world’s first kinetic launch system, designed to provide the lowest-cost, environmentally responsible orbital launch system to serve the rapidly growing small satellite industry.
The responsive launch system utilizes a large mass accelerator to provide on demand launches of small satellites in virtually any weather at an order of magnitude lower cost and higher frequency than any existing or proposed launch system.
Investors include Airbus Ventures, GV, KPCB, Catapult Ventures, Lauder Partners, John Doerr and Byers Family. The funds from this investment will be used to scale the SpinLaunch team and technology and continue to build out SpinLaunch’s new corporate headquarters in Long Beach, California, and complete the flight test facility at Spaceport America in New Mexico.
“Our team at SpinLaunch greatly appreciates the continued support of this formidable syndicate of investors, who share our vision of enabling low-cost and frequent launch of imaging and communications constellations that will protect our planet and humanity.” said CEO Yaney. “Later this ...