INSUBCONTINENT EXCLUSIVE:
SpinLaunch, a company that aims to turn the launch industry on its head with a wild new concept for getting to orbit, has raised a $35M
round B to continue its quest
The team has yet to demonstrate their kinetic launch system, but this year will be the year that changes, they claim
While the company has been extremely tight-lipped about the details, one imagines a sort of giant rail gun curled into a spiral, from which
to this method, the most obvious of which is that going from an evacuated tube into the atmosphere at those speeds might be like firing the
payload into a brick wall
the concept craft) and other potential problems, but the secretive company has revealed little.The time for broader publicity may soon be at
hand, however: the funds will be used to build out its new headquarter and R-D facility in Long Beach, but also to complete its flight test
the cost of launch has been the focus of some of the most successful space startups out there, and SpinLaunch aims to leapfrog their cost
savings by offering orbital access for under $500,000
First commercial launch is targeted for 2022, assuming the upcoming tests go well.The funding round was led by previous investors Airbus
Ventures, GV, and KPCB, as well as Catapult Ventures, Lauder Partners, John Doerr and Byers Family.
