Thursday, January 16, 2020

SpinLaunch Gets $35M For Spaceport America Expansion

SpinLaumch, a space startup working on oribal launch systems which use a kinetic launch system to deliver payloads into space from the ground using a mass acceleration system, has raised $35M more, the company said on Thursday afternoon. The company said the funding came from Airbus Ventures, GV, KPCB, Catapult Ventures, Lauder Partners, John Doerr and Byers Family. According to the company, part of the funding will go towards building a flight test facility at New Mexico's Spaceport America. SpinLaunch is targeting the small satellite launch industry with its products. The compmany said that the advantage of its system will be the ability to run "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. The company's headquarters are in Long Beach, California.